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The Australian Securities and Investments Commission has hit back at a defamation suit by Mayfair 101 founder James Mawhinney over a media release, saying it doesn't meet the new 'serious harm' threshold for defamation matters.
Wilsons Advisory and Stockbroking has paid a $548,328 penalty after the Australian Securities and Investments Commission found its reported Trade With Price Improvement products did not offer price improvement.
Personal lender ClearLoans and its parent company have agreed to pay penalties of just over $6 million to settle the first COVID-19 related case brought by the Australian Securities and Investments Commission.
A former Nuix director has made a bid to stay a shareholder class action, which accuses the software company of failing to alert the market to red flags in the business, pending the outcome of separate proceedings by ASIC.
A judge has grilled the former general counsel of defunct logistics company GetSwift about why he did not confront the company's directors for “bullying” other executives when they raised concerns about alleged continuous disclosure breaches.
Melbourne stockbroker Bradley Grimm has pleaded guilty to charges of dishonesty following an investigation alleging Grimm -- whose wife is a former ASIC employee -- fleeced funds from clients.
Two home finance companies and their father-son directors have been hit with $150,000 in penalties after a judge found they failed to cooperate with the Australian Financial Complaints Authority in an ASIC enforcement action and subjected AFCA staff to “inappropriate and unprofessional behaviour.”
Wood-fibre processor and exporter Midway Limited has been hit with a $33,000 penalty after the Australian Securities and Investments Commission alleged it failed to disclose a revenue downturn to shareholders.
ASIC commissioner Sean Hughes will step down next month after taking a role with investment manager Vanguard – which paid a $40,000 fine to the corporate watchdog just last month.
Hitting back at ASIC's claims it misled investors and breached disclosure rules, technology company Nuix says it had no knowledge it was failing to meet its FY21 forecast and didn’t need to disclose to investors draft documents showing missed internal targets.