Australian Securities and Investments Commission

Corporate regulator ASIC has fined retail broker Openmarkets a record $4.5 million for failing to stamp out a client's suspicious trading activity.

Australia’s corporate regulator laid 125 criminal charges and 19 individuals have been disqualified or removed from directing companies in the first half of 2023.

A former director of a demolition company has been convicted in court, being disqualified from acting in the management of corporations for five years.

The Federal Court has decided Frank Wilson did not breach his director’s duties after finding ASIC could not prove its allegations against the Quintis Sandalwood founder.

Australia's financial regulator has laid out its expectations of lenders when it comes to supporting financially troubled customers.

The state’s highest court has dismissed the corporate watchdog’s bid to reverse payments made to insolvency experts Martin Jones and Andrew Smith.

The corporate watchdog is suing PayPal Australia, claiming the payment service company had an unfair term in its contract forms for small businesses.

The financial services regulator alleges AustralianSuper charged members the same set of fees multiple times and failed to consolidate duplicate accounts.

A federal court judge has been left baffled over the limited information from the liquidators of Michael Dunjey’s company assets, allegedly valued in the millions of dollars.

ANZ has been ordered to pay a $15 million penalty after admitting to misleading more than 186,000 customers over fees and interest charged.

The corporate watchdog has issued fines totaling more than $700,000, within six months, against companies that failed to comply with financial reporting requirements.

Perth businessman Dean Scook is facing charges of stealing as an officer of a company after the corporate watchdog alleged he stole more than $675,000 of funds.

The confidential information of Australians could be at risk after a survey revealed many organisations had limited or no capability to adequately protect data.

Former Continental Coal director Peter Landau has been sentenced to more than five years in prison over several charges, including stealing as a director.

The Federal Court has appointed receivers to Brite Advisors as the investigation into the $1 billion client funds managed by the advisory group continues.

Cottesloe analyst Cameron Waugh has pleaded guilty to insider trading in Genesis Minerals' shares while a string of other charges against him was dismissed.

The Australian Securities and Investments Commission has permanently banned Yanchep-based financial adviser Mark Sebo after he was convicted of fraud.

ASX Limited has been fined more than $1 million after the corporate watchdog found the market operator breached a transparency rule 8,417 times.

The corporate watchdog has disqualified mining magnate Joseph ‘Joe’ Gutnick from managing companies after finding he acted improperly as a director.

ASIC chairman Joe Longo has called on company directors to comply with their duties, admitting the role was difficult amid developments in technology and ESG but not impossible.

Australian Securities and Investments Commission is up for a leadership overhaul, including its chief executive Warren Day indicating his exit from the regulator.

Mining contractor Byrnecut Australia has bounced back from a challenging 2022 to post an improved net profit after tax in 2023.

Two Western Australian directors have been convicted and fined after the court found they failed to comply with identification requirements.

The corporate watchdog has permanently banned a former WA adviser from providing financial services after finding he engaged in dishonest conduct including faking exam results.

Australia’s big four banks will face a parliamentary grilling this week, including questions over ANZ’s alleged manipulation of the bond market.

The corporate watchdog has begun “urgent civil proceedings” against a company director linked to two WA projects, amidst allegations of misuse of investor funds.

Macquarie Bank has received a record fine from ASIC after an investigation found the institution failed to prevent suspicious orders on the electricity futures market.

The Australian Securities and Investments Commission has revealed two new additions to its executive team, including former Perth-based lawyer Chris Savundra.

Life insurance provider HCF Life could be set for penalties after the Federal Court found its ‘recover’ range of products was liable to mislead customers.

WA businesses are facing increased pressure to bolster their cyber defences against malign actors.

The corporate watchdog has sued National Australia Bank, over allegations of failing hundreds of its customers who were facing financial hardship.

The Australian Securities and Investments Commission has sued HSBC Bank Australia over what it described as “systemic and widespread” failures to protect customers from scams.

A Federal Court judge has described a related dispute in the corporate regulator’s legal row with Chris Marco as "tortuous" and "somewhat incoherent".

Former Mosman Park-based financial adviser Anthony Paul Torre has pleaded guilty over charges of stealing more than $1 million in client funds.

The trustee of Australia’s largest superannuation fund has been hit with a $27 million fine for failing to merge multiple member accounts, resulting in duplicate fees.

The corporate watchdog has sued the trustee Australia’s largest superannuation fund over the delay in processing thousands of death benefit claims.

Bond market specialist FIIG Securities has been sued by ASIC over alleged cybersecurity failures which enabled the theft of 385GB of data, which was then published on the dark web.

Corporate regulators have called on the local bourse to put the “highest priority” on resolving the underlying issues that led to a settlement system failure in 2024.

The corporate watchdog has launched civil legal action against under-administration gold play Wiluna Mining and its former chairman over “misleading claims to investors” on its last-ditch capital raise.