A former Tesla Motors Australia director has pleaded guilty to two counts of insider trading for acquiring shares in Piedmont Lithium based on insider information he had about an in-principle agreement the mining company had to supply lithium to Tesla.
Former CEO of failed van Eyk Research has been sentenced to 15 months’ imprisonment after admitting he breached his duties as director of a subsidiary to dishonestly retain control of the company.
A judge has thrown out proceedings brought by mining magnate Clive Palmer in which he alleged an abuse of process by prosecutors and the Australian Securities and Investments Commission, finding that Palmerâs suits were themselves a âmisuse of proceedings.â
The former director of investment management fund Courtenay House has pleaded guilty to five criminal charges after an ASIC investigation revealed he duped 585 investors in a $180 million Ponzi scheme.
A court has found National Australia Bank engaged in unconscionable conduct in knowingly overcharging thousands of customers periodic payment fees for four years.
The outgoing deputy chair for the Australian Competition and Consumer Commission says Australia âreally needsâ a new unfair practices law, echoing sentiments from the regulatorâs former boss.
The Australian Securities and Investments Commission is targeting predatory lending, greenwashing and crypto-assets as rising interest rates cause consumers to turn to fringe sources of credit.
The Australian Securities and Investments Commission has drawn âa line in the sandâ on greenwashing and will no longer accept âpurely aspirationalâ climate change targets from companies, the regulatorâs deputy chair has said.
The chair of the Australian Securities and Investments Commission has warned consumers about investing in ârisky, speciality, poorly understoodâ crypto-assets, as the regulator steps up its investigations into managed funds acting in the space.Â
Fintech iSignthis has dropped a $464 million lawsuit brought against the Australian Stock Exchange three years ago over allegedly misleading conduct in relation to the suspension of the company’s shares.