The Australian Securities and Investments Commission has cancelled the financial services licence of Perth-based Platinum Perpetual Global Private Wealth, after an adviser from the firm was charged with stealing $948,000 of clients' funds.
The Australian Securities and Investments Commission is launching legal action against the Bendigo and Adelaide Bank and Bank of Queensland amid allegations of unfair small business lending terms.
The Australian Securities and Investments Commission has banned Perth businessman Max David Goldenberg from providing financial services and engaging in credit activities for a period of eight years.
The chief executive of iron ore exploration and development company Elmore, formerly IndiOre, has confirmed his brother's law firm undertook the independent review into the business's failed project expansion, which was approved and under construction despite no adequate mineralisation being discovered.
A junior miner's chief executive says he has voluntarily submitted to ASIC the contents of an internal investigation into a failed project expansion in India.
The Australian Securities and Investments Commission has appointed Morgan Stanley to sell a stake of approximately 12.9 per cent in Yowie Group, which the regulator seized in April.
Administrations in Western Australia hit their lowest level in five years in the March quarter, but pressure continues for construction and hospitality.
An internal investigation is under way at the corporate watchdog over the collapse of investment company Sterling First, which Business News first revealed had entered administration last month.
The Australian Securities and Investments Commission has cancelled the credit licence of mortgage broker Rochelle Anne Weinert, who was involved with the ill-fated Macro Group.
The Australian Securities and Investments Commission has permanently banned a Perth man from providing financial advice, following his conduct as a representative of Westpac and The Financiallink Group.
The corporate regulator has banned a Perth accountant from providing financial services for six years after an investigation found he bought and sold shares for clients so companies could meet the minimum requirement to be listed on the stock exchange.
A former insurance broker who admitted funnelling almost $200,000 owed to clients into his own bank accounts has been sentenced to two years and nine months imprisonment.
RCR Tomlinson's secured creditors may only receive around $70.6 million of the $230 million they are owed, and its unsecured trade creditors are likely to receive none of the $170.6 million they are owed, as administrators McGrathNicol recommended the failed engineering firm be liquidated.
The last of the 19 civil actions brought by the Australian Securities and Investments Commission on behalf of a number of investors in the Westpoint Group has been finalised.
Evolution Mining has purchased a 19.9 per cent stake in Tribune Resources, which holds a major interest in the East Kundana project operated by Northern Star Resources.
The current and former prime ministers agree they waited too long to call the banking royal commission but the treasurer says it's time to look forward, not back.
The corporate watchdog has told Commonwealth Bank of Australia's financial planning unit to stop charging customers with fees after failing to meet its obligations from the fees-for-no-service scandal.
Henderson-based shipbuilder Austal has increased its full-year revenue projections to $1.9 billion, thanks partly to better-than-expected procurement levels from the US Navy for its littoral combat ships.
US federal agents have conducted a search at Austal's offices in Mobile, Alabama, in relation to an inquiry by the Australian Securities and Investments Commission into announcements the shipbuilder made in late-2015 and mid-2016.
The Australian Securities and Investments Commission has appointed Morgan Stanley Wealth Management to sell approximately 12 million ordinary shares in Tribune Resources.
A former Perth financial adviser has been permanently banned from providing financial services and credit activities, after he was convicted of stealing more than $100,000 from his clients.
The corporate watchdog has banned a Perth woman from providing financial services, months after she was jailed for six years for stealing more than $1 million from a local building company.
Shares in cryptocurrency-focused DigitalX have fallen nearly 12 per cent today after the company revealed it has been served with a $US1.8 million claim in the Federal Court of Australia.
Australia's big banks and financial institutions are taking years to realise they have broken the law and too long to fix problems that have left 5 million consumers out of pocket by $500 million.
The Administrative Appeals Tribunal has today set aside a decision by the Australian Securities and Investments Commission to ban Robert Hutchison from providing financial services.
The corporate regulator has objected to an underwriting deal under which Andrew Forrest's Squadron Resources could end up with as much as 61 per cent of Poseidon Nickel.
Australia's corporate watchdog filed a lawsuit on Thursday against superannuation funds run by the wealth management unit of National Australia Bank, accusing them of charging fees to hundreds of thousands of retirees for services the were not provided.
A former insurance broker has admitted funnelling almost $200,000 owed to 35 clients for policy cancellations and adjustments into his own bank accounts.
A NSW District Court has acquitted former Kimberley Diamonds executive chairman Alex Alexander of charges related to the issuing of false or misleading information to the market.
In the latest article in our 25-year anniversary series, we look at the 2006 collapse of Norm Carey's Westpoint group and the continuing legal battles.
Australia's corporate watchdog has started legal action against Westpac over poor financial advice provided by one of the bank's former financial planners, Sudhir Kumar Sinha.
The corporate watchdog has launched legal action in the Federal Court against former Quintis managing director Frank Wilson, alleging he failed to disclose the loss of a major contract in 2017.
Former Pilbara-focused property developer Veronica Macpherson has been permanently banned from providing financial services following an investigation by the corporate watchdog.
The corporate watchdog has banned a former Perth-based AMP financial adviser from providing services for the next five years after he was found to have given clients poor advice.
