Most Recent
Ex-Healthe Care exec fined $10,000 for insider trading
ASIC 2021-11-17 12:00 pm By Cat Fredenburgh Melbourne
A former executive of hospital operator Healthe Care has been sentenced and fined $10,000 after pleading guilty to one charge of insider trading for acquiring a large number of the company's shares while in possession of inside information regarding plans to acquire a rival hospital operator.
ASIC accuses Mayfair’s James Mawhinney of breaching 20-year ban
ASIC 2021-11-16 8:38 am By Christine Caulfield Melbourne
The Australian Securities and Investments Commission has asked a court to hold Mayfair 101 director James Mawhinney in contempt, saying he has breached a 20-year ban on raising funds.
Judge questions ASIC’s ‘very, very modest’ $750,000 penalty against La Trobe Financial
ASIC 2021-11-15 1:59 pm By Bianca Hrovat Sydney
A judge has expressed hesitation about a $750,000 penalty proposed by the Australian Securities and Investments Commission in its misleading advertisement case against $5.15 billion credit fund La Trobe Financial Asset Management, calling the amount “very, very modest”.
ASIC hits Griffin Coal with criminal charges over financial reports
ASIC 2021-11-12 8:53 pm By Cindy Cameronne Sydney
The Australian Securities and Investments Commission has hit beleaguered mining firm Griffin Coal with criminal charges over its alleged failure to lodge annual financial reports for 2019 and 2020.
GetSwift mulls appeal of scathing judgment on ‘PR-driven’ approach to ASX statements
Alan Shearer 2021-11-11 5:51 pm By Cat Fredenburgh Melbourne
Logistics company GetSwift says it is considering an appeal of an 859-page judgment which lambasted the company and its directors' "public relations-driven approach" to announcements on the Australian Stock Exchange.
GetSwift breached law through ‘public relations-driven approach’ to ASX statements, court finds
Alan Shearer 2021-11-10 1:46 pm By Miklos Bolza Sydney
The Australian Securities and Investments Commission has scored a victory in its long-running case against GetSwift, with the Federal Court finding the company and its directors breached the Corporations Act and ASIC Act through their "public relations-driven approach" to announcements on the Australian Stock Exchange.
Ex-Quantum Resources CEO sentenced for insider trading
ASIC 2021-11-09 3:50 pm By Cat Fredenburgh Melbourne
Former Quantum Resources CEO and director Avrohom Kimelman has been sentenced after being convicted on charges of insider trading and conspiring to manipulate the market in shares of the company, now known as Nova Minerals.
Ex-Tennis Australia president loses bid for $4.3M in indemnity costs against ASIC
Aaron Weinstock 2021-11-05 9:04 pm By Cindy Cameronne Sydney
Former Tennis Australia president Steven Healy has lost his bid for $4.3 million in indemnity costs against ASIC over its failed case over the rights to the Australian Open, with a judge finding the regulator’s case against him had “reasonable prospects of success” before trial.
Law firms accused of negligence fight Dover Financial’s bid to add lawyers to case
Adam Coote 2021-11-04 4:11 pm By Cindy Cameronne Sydney
Three law firms and a consultancy are fighting a bid by defunct financial advisor Dover Financial to bring negligence claims against two lawyers over a so-called client protection policy found to be "an exercise in Orwellian doublespeak".
E&P Financial to defend Dixon Advisory class action
ASIC 2021-11-04 2:28 pm By Cat Fredenburgh Melbourne
E&P Financial Group says it will defend a class action brought against it, subsidiary Dixon Advisory and director Alan Dixon, alleging they reaped millions of dollars in fees by pushing unsuitable financial products onto investors.