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ASIC puts funds on notice about ‘greenwashing’
Environment 2022-06-14 2:09 pm By Cindy Cameronne

The Australian Securities and Investments Commission has put issuers of superannuation and managed funds on notice that it is monitoring the market for ‘greenwashing’ in promotions for sustainability-related products. 

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Property guru Sasha Hopkins converted investor funds into crypto assets, ASIC says
Financial Services 2022-06-08 3:05 pm By Sam Matthews

The Australian Securities and Investments Commission has released details of its allegations against embattled property developer Sasha Hopkins, who is the subject of several freezing orders won by the regulator earlier this month.

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ASIC wins guilty plea from investor who posted about ‘fun and games’ of market manipulation
White Collar 2022-06-07 4:44 pm By Harry Thomas

A Melbourne investor who posted in an online forum that a pump and dump scheme was all part of the “fun and games and cat and mouse of the stock market” has pleaded guilty to market manipulation.

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ASIC sues online lender Sunshine Loans over ‘prohibited’ fees
Financial Services 2022-06-07 12:53 pm By Sam Matthews

The Australian Securities and Investments Commission has sued Queensland-based Sunshine Loans for allegedly charging over $320,000 in prohibited fees.

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Property developer Sasha Hopkins to face ASIC grilling
Real Estate 2022-06-03 5:13 pm By Sam Matthews

Embattled property developer Sasha Hopkins will face a compulsory examination by the Australian Securities and Investments Commission over the activities of his company A Team Property Group.

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Van Eyk Research ex-CEO pleads guilty to dishonesty
White Collar 2022-05-31 9:12 pm By Cindy Cameronne

A former CEO of defunct investment research firm van Eyk has admitted to breaching his duties by using his position as director of a subsidiary to dishonestly retain control of the company.

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ANZ wrongly slapped customers with cash advance fees, ASIC claims
Financial Services 2022-05-30 11:17 am By Cat Fredenburgh

The Australia and New Zealand Banking Group hit hundreds of thousands of customers with cash advance fees after providing them with incorrect account balances, and the Big Four bank has still not rectified the problem, ASIC alleges in new civil penalty proceedings.

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Dover Financial, ex-director mull lawsuit against ASIC
Financial Services 2022-05-26 9:33 pm By Cindy Cameronne

Defunct financial advisory firm Dover Financial and its former director have taken ASIC to court seeking discovery as they mull a potential lawsuit against the corporate regulator.

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ASIC cancels licence of Mayfair-linked Quattro Capital
Financial Services 2022-05-26 1:40 pm By Sam Matthews

The Australian Securities and Investments Commission has cancelled the Australian financial services license of Quattro Capital, which counted two Mayfair 101 entities among its corporate authorised representatives.

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Forex Capital liquidators win ‘urgent’ order for $69.5M distribution to customers
Restructuring & Insolvency 2022-05-24 5:42 pm By Cindy Cameronne

Forex Capital Trading liquidators have won an “urgent” bid for orders allowing them to distribute $69.5 million to 8,600 former customers of the derivatives trader which allegedly gave misleading advice on products described as “little more than gambling”.

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