ASIC

Investors in Falcon Capital's First Guardian Master Fund will recover less than 10 per cent of a $33.5 million loan advanced to an inexperienced Melbourne developer, under a settlement reached by the company's liquidators.

The former CEO and chief legal officer of Star Entertainment are challenging a judge's orders that they pay a combined $1.1 million for failures in connection with anti-money laundering compliance.

Investors in Falcon Capital's First Guardian Master Fund will recover less than 10 per cent of a $33.5 million loan advanced to an inexperienced Melbourne developer, under a settlement reached by the company's liquidators.

An initial investigation by law firm Allens that cleared KPMG over a whistleblower's allegations of misuse of confidential data has been slammed by parliamentary committee members as lacking independence.

Former Keystone Asset Management director and developer Paul Chiodo will have to produce bank records for himself and family members, after a judge shot down his appeal of a ruling ordering production. 

Deutsche Bank has copped a $2 million fine for misreporting more than 260,000 over-the-counter derivatives transactions over a period of more than 200 business days.

The corporate regulator has expanded its case against Resimac that accuses the home loan manager of breaching its fairness obligations as a credit licensee towards customers who filed hardship applications.

Software company Dubber has failed in a bid to stay its case against BDO Audit pending the outcome of ASIC's action against the auditor, with a judge ordering discovery to proceed before the litigation is put on ice.

The corporate regulator has told a court it has little hope for success in mediation in its case over SQM Research's positive reports on the failed Shield fund.

The fallout from the KPMG leaks scandal has widened, with the corporate regulator launching a review of audit complaints to the Big 4 accounting firms.