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The corporate regulator has made interim orders barring Angas Securities from offering two managed investment schemes holding $114 million, raising concerns that it failed to disclose its exposure to collapsed developer Bathla Group.
Payday lender Sunshine Loans has been hit with $5.5 million in penalties for charging vulnerable customers almost $300,000 in fees, with a judge giving limited weight to its claim that it relied on legal advice when introducing the unlawful charges.
The High Court has dismissed billionaire Clive Palmer's bid to revive his misconduct claims against former ASIC chair James Shipton, which an appeals court rejected as "little more than a house of cards".
The property developer linked to collapsed investment funds Shield and First Guardian took the stand in court on Wednesday to face a grilling by liquidators, as investigators try to claw back the $1 billion in missing investor funds.
The operator of pharmacy chain Chemist Warehouse and hospitality giant Hemmes Group are among companies that copped a total of $4.4 million in fines for missing the FY25 financial reporting deadline, ASIC said Wednesday.
The Full Federal Court has upheld a finding that fintech iSignthis made misleading representations to shareholders, as well as a decision socking it with a $10 million penalty.
In a failed bid for discovery of internal communications at BDO Audit, Dubber has claimed a BDO employee sent an illustrated image of cash being passed under a table while discussing the firm's audit of the software company.
The securities regulator has launched proceedings against the former directors of Falcon Capital, the latest action by ASIC over the First Guardian Master Fund, which collapsed in 2024 taking $600 million in investor funds with it.
Former Youpla CEO Bryn Jones and director Ronald Pattenden have been found to have beached their duties as directors of the funeral insurance firm, which had a deal with an offshore company controlled by Pattenden and another director.
ASIC is looking into lead managers behind AI data centre company Firmus’ failed public float, with a key issue whether they had a reasonable basis for assertions about investor demand.