The Australian Securities and Investments Commission has filed its first action alleging breach of obligations in designing and selling financial products, accusing online investment platform eToro of inappropriately exposing clients to high risk CFDs.
A judge overseeing the Australian Competition and Consumer Commissionâs case alleging auto mechanic Ultra Tune failed to comply with court orders has labelled its managing director Sean Buckley as âone of the more dreadful witnessesâ he had seen.
Industrial technology company Delta Building Automation has been found liable for attempting to rig a bid for work on the National Gallery of Australia, in a win for the competition regulator.
The Australian Securities and Investments Commission has told a trial judge that superannuation trustee Diversa canât hide behind outsourcing arrangements to explain its alleged failures to oversee a now-banned financial adviser accused of luring vulnerable customers into signing up to Diversa accounts.
An investment manager has been arrested and charged with providing prospective investors with forged portfolio reports.
Collapsed vocational education provider Phoenix Institute and its marketing arm have been hit with a record $438 million penalty after a judge found they acted unconscionably and with “callous indifference” by enticing vulnerable consumers to enrol in unsuitable courses with promises of free laptops.
The former director of Select AFSL has appealed a judge’s decision to slap him with a $100,000 penalty and a disqualification order after finding he “turned a blind eye” to the life insurer’s unconscionable phone sales tactics.
A judge has ordered Meta to pay a $20 million penalty for misleading consumers by representing that its discontinued Onavo Protect mobile app would keep usersâ personal activity data private, when in fact it was being collected for commercial use.
ASIC is calling for disqualification orders and penalties against property guru Sasha Hopkins, alleging he hawked real estate investment opportunities on social media that raised over $32 million without a licence.Â
ASIC has brought enforcement action against Vanguard Investments Australia, accusing the investment firm of misleading claims that its ethically conscious hedge fund screened securities for their environmental, social and good governance bona fides.