The former chief financial officer of Big Un has become the third person to be charged with insider trading connected to shares in the defunct video producer.
NAB has told a court it should pay a $2 million penalty — not the $10 million proposed by ASIC — for engaging in unconscionable conduct by overcharging customers, saying the exact words used in the regulator’s concise statement accuse it only of a single contravention.
The parents of deceased fraudster Melissa Caddick will take $950,000 to move out of a multi-million dollar property in Sydney’s East, which will now be sold by receivers.
ASIC has issued an interim stop order barring a Melbourne-based investment broker from opening trading accounts or dealing in contracts for difference or margin foreign exchange contracts to retail investors.
It was “fundamentally wrong” that AMP Financial Planning paid consultant PricewaterhouseCoopers significantly more to review a court-ordered remediation than was paid to customers who suffered loss after an adviser churned life insurance policies for higher commissions, a judge has said.
The Australian Securities and Investments Commission has revoked an interim stop order against Aussie fintech Humm Group, which had been preventing the company from selling its buy now, pay later product to new customers. Humm revealed the news in an announcement on Monday, only days after the order was issued out of concerns around the…
The Australian Securities and Investments Commission has hit fintech Humm Group with an interim stop order barring it from issuing buy now, pay later products to new customers.
The New South Wales deputy state coroner has concluded that accused conwoman Melissa Caddick is dead, but questions remain about the circumstances of her death.
A former director of defunct mining and exploration company Continental Coal has been sentenced to eight months’ imprisonment for failing to act in good faith in performing his directors’ duties in relation to $1 million in bridging finance.
A former executive assistant of accused Ponzi schemer Chris Marco is facing charges linked to an alleged $29.5 million fraud against investors.