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Four former directors of funeral insurance firm Youpla Group have agreed to settle ASIC claims that they breached their directors duties, with a judge allowed remaining claims against former CEO Bryn Jones to head to trial.
More than 38,000 retail investors have received nearly $40 million in refunds after an ASIC investigation found “widespread weaknesses” in how issuers of contracts for difference products comply with their obligations.
A court has largely set aside examination orders against executives and solicitors for oil and gas company Moreton Resources and MRV Metals, finding they were an abuse of process.
An Administrative Review Tribunal has halved a six-year ban on a former United Global Capital financial advisor imposed by the Australian Securities and Investments Commission, calling the ban "excessive".
Block Earner has told the High Court that its Earner product was never meant to generate a financial return for users, as the court mulls whether to overturn a ruling that found the cryptocurrency firm did not need a financial services licence.
One of the country's leading class action lawyers has left Jones Day for Thomson Geer, the third litigation partner to depart the US-based firm in recent months.
A judge has ordered Australian Unity to pay a $7.1 million penalty in ASIC proceedings alleging it pumped more than $9.5 million into a risky mortgage scheme without properly vetting investors.
The corporate cop has sued BDO Audit and director Dean Just in the Federal Court over alleged false and misleading reports it made for ASX-listed software company Dubber.
Binance has agreed to a $10 million penalty in ASIC’s case alleging the defunct crypto firm misclassified retail customers as eligible to invest in risky derivatives, but a judge wants more details before approving the deal.
Fresh off being sued by ASIC for investing $300 million into Falcon Capital’s failed First Guardian Master Fund, super trustee Diversa has been hit with additional licence conditions by the prudential regulator.