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Ex-Keystone director fights bid to subpoena bank statements
Ex-Keystone director Paul Chiodo is fighting a bid to subpoena his personal bank statements, arguing receivers are fishing for potential claims against him as they look to claw back $480 million in investor funds.
ASIC takes further action over $1B failure of First Guardian, Shield
In its latest move over the $1 billion collapse of investment funds linked to Keystone and Falcon Capital, the corporate regulator has banned another MWL Financial adviser who touted Keystone's Shield Master Fund.
FIIG Securities hit with $2.5M penalty for cybersecurity failures
Fixed income specialist FIIG Securities has been ordered to pay $2.5 million for cybersecurity failures which led to a cyberattack that exposed the data of 18,000 clients, the first penalty of its kind secured by ASIC.
ASIC ban on OTC derivatives trader halved on appeal
A tribunal has halved an eight-year ban imposed on a former manager of over-the-counter derivatives provider Trade360, accepting that he did not have actual knowledge of the company's contraventions.
ASIC fights IAG’s privilege claim in loyalty discounts suit
The corporate regulator is challenging insurer IAG's claims of legal professional privilege over a technical report in proceedings over allegedly misleading loyalty discounts.
Ex-Queensland senator DQ’d by ASIC over $44M failure of gold companies
Former Queensland senator Claire Moore has been banned from managing corporations for four years over her role as a director of two gold exploration companies that collapsed after raising $44 million from investors.
Sarah Court to be first female chair of ASIC
Sarah Court has been appointed as the first female chair of the Australian Securities and Investments Commission in the regulator's 35-year history.
Qoin crypto issuer hit with $14M penalty for misleading representations
A court has slapped Qoin cryptocurrency issuer BPS Financial with a $14 million penalty for “serious and unlawful misconduct”, including making misleading statements about the product and providing financial advice without a license.
Brother of Olympic breakdancer Raygun charged after ASIC probe
A financial firm director and brother of breakdancer 'Raygun' has pleaded guilty to charges over funds suspected of being the proceeds of crime.
Platinum Asset insider trader sentenced to six years in prison
An investment manager has been sentenced to six years in prison after accessing confidential information from the computer of Platinum Asset Management's chairman about a takeover offer and using the intel to trade in shares.