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ASIC bans two more advisers for Shield, First Guardian advice
ASIC is not letting up in its pursuit of financial advisors that spruiked the Shield Master Fund and First Guardian Master Fund, banning two more advisors on top of the seven bans it has already imposed.
Former Big Un CEO pleads guilty in insider trading case
The former chief executive officer of Big Un has pleaded guilty to communicating inside information to a shareholder of the defunct video producer.
Sacked Victorian garbo who shared explicit material wins compensation
A Victorian garbage man who admitted to sharing explicit material at work has been awarded compensation after the Fair Work Commission found he was unfairly dismissed.
Defence firm EOS to pay $4M for continuous disclosure breaches
A judge has hit Electro Optic Systems with a $4 million penalty after the defence firm admitted to continuous disclosure breaches by failing to reveal a drop in its 2022 revenue forecasts.
ASIC wants KPMG receivers to investigate Sequoia’s sale of Interprac
Concerned Sequoia Wealth wants to limit liability for claims linked to the $1 billion collapse of the Shield and First Guardian funds, ASIC has asked a court to appoint receivers from KPMG to probe the sale of Interprac Financial Planning.
Latest MWL Financial adviser DQ’d for steering investors to Shield
A Melbourne adviser is the latest person linked to MWL Financial to be banned for spruiking Keystone Asset Management's failed Shield fund to clients.
Uber slammed for booting driver who touched groin during trip
The Fair Work Commission has criticised Uber for failing to explain the nature of a complaint against a driver, who touched his groin during a trip, before deactivating his account on the rideshare app.
In Mastercard case, judge says suppression bids ‘spiralling out of control’
A judge has said he will not be able to decide all the suppression applications in the ACCC’s misuse of market power case against Mastercard ahead of trial, saying the court was facing an “unreasonable, if not oppressive” burden.
Aged care provider to backpay staff $11M under deal with FWO
Non-profit aged care provider Southern Cross Care has agreed to pay over $11.7 million to 5,500 underpaid staff as part of a court-enforceable undertaking with the Fair Work Ombudsman.
ASX ‘lacks aspiration’ to oversee critical markets infrastructure, ASIC says
The corporate regulator has delivered a scathing report on exchange operator ASX, finding it has significantly under-invested in technology in favour of delivering short-term dividends to shareholders.