Joe Longo

Experienced lawyer Joe Longo, whose past clients range from fallen 1980's entrepreneurs to global banks, has been appointed chair of the corporate watchdog.

ASX Trade's outage in November 2020 was caused by the release of a software update which was not ready to go live, an independent review has found.

Retail turnover has taken its largest dive for the year, falling 2.7 per cent in July.

ASIC has defended its handling of concerns raised ahead of the Sterling First collapse, while confirming the company’s conduct could warrant criminal charges.

The ASX will have to strengthen its governance following ASIC’s investigation into a major trading outage that forced the exchange to shut down for a day in November last year.

Australia’s top corporate regulator said today there was not a strong basis to take legal action against the directors of Crown Resorts, despite the revelations in three major inquiries.

The Crown royal commission has just been completed but another ‘closed doors’ inquiry will be pivotal in determining the company’s future.

ASIC chair Joe Longo has expressed his concern regarding the number of retail investors putting their money into ‘unregulated, volatile’ crypto-assets after new research revealed its popularity with less experienced investors.

Australia’s corporate regulator has launched legal proceedings against 11 directors and officers of The Star Entertainment Group and again defended not taking similar action against Crown Resorts.

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

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

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.

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.

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.

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.