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A judge has ordered Western Australian biotech Holista Colltech to pay a penalty of $1.8 million for making misleading representations to the market about sales of its natural sanitiser product during the height of the COVID-19 pandemic, and hit its CEO with a four-year ban.
A judge has declined to set aside a travel ban against a former director of collapsed cryptocurrency platform Blockchain Global, noting that the company’s liquidators may have claims of up to $42.9 million against him.
A former company secretary of defunct mining and exploration company Continental Coal will spend at least 2 years in jail after pleading guilty to three criminal charges, including stealing $2.2 million and forging a bank statement.
In a loss for the Australian Securities and Investments Commission, a judge has found that comparison website Finder did not need a financial services licence to sell its cryptocurrency product Finder Earn because it was not a financial product.
ASIC has banned mining magnate Joseph ‘Diamond Joe’ Gutnick from managing corporations for four years because of his involvement in three companies that went under owing at least $43 million to creditors.
ASX Limited has paid a $1,050,000 fine after the corporate regulator pinged it with an infringement notice for failing to comply with market integrity rules -- a first against the market operator.
The Full Federal Court has found it was "abundantly clear" on the evidence before a trial judge that funeral expenses insurance provider ACBG misrepresented to Aboriginal customers that it was Aboriginal owned or managed, but found ASIC contributed to the error with its bad pleadings.
The Australian Securities and Investments Commission has won sequestration orders against Gold Coast 'finfluencer' Tyson Scholz after he failed to pay the regulator's costs in proceedings that resulted in him being permanently barred from carrying on a unlicensed financial services business.
The Australian Securities and Investments Commission has won a travel ban against a former director of collapsed cryptocurrency platform Blockchain Global while the regulator investigates suspected criminal offences.
Mining giant Clive Palmer has asked the High Court to hear his challenge to a court's finding that lawsuits he brought challenging two criminal cases against him over a takeover bid and payments to his political party were themselves an abuse of process and should be stayed.