asic
114 results tagged asic:
‘ASX Wolf’ Tyson Scholz bankrupt in ASIC crackdown
ASIC has effectively bankrupted finfluencer Tyson Scholz after securing sequestration orders against him.
Former director pleads guilty to hedge fund con
Russell Sandiford is facing possible jail time and a hefty fine after he convinced people to hand over more than $400,000 for the purpose of investing before spending it all elsewhere and paying back just 1% of the total to investors.
ASIC files contempt orders against repeat offender
ASIC has filed a contempt application in the Federal Court against former Wealth & Risk Management (WRM) director Joshua David Fuoco.
ME Bank fined $820k for misleading borrowers
ME Bank has been fined by the Federal Court after pleading guilty to giving customers inaccurate information about its home loans.
ASIC’s new money lessons for Gen Z
Financial literacy is taking on a new vocabulary and it's aimed at the audience most easily persuaded by finfluencers: the TikTok generation.
Perth Mint avoids fine over anti-money laundering failures
Perth Mint has avoided an ASIC fine over its failure to comply with Australia's anti-money laundering and counter-terrorism financing laws.
ASIC charges HESTA over misleading marketing
Super fund HESTA has been fined $48,000 for purportedly publishing misleading performance figures about one of its investment options.
Optus offers free data to customers affected by outage
Wednesday's marathon Optus outage impacted around 10 million customers, now the telco is offering 200GB of free data instead of refunds.
Australian Super sued over multiple accounts
In a first-of-its-kind case, ASIC is taking Australian Super to court over its failure to properly monitor and consolidate multiple accounts on behalf of members for close to a decade.
ASIC freezes assets of financial adviser turned comedian
A former financial adviser turned stand-up comic has had his assets frozen and been barred from leaving the country after ripping off clients to the tune of $750,000.
