Wilsons Advisory and Stockbroking has paid a $548,328 penalty after the Australian Securities and Investments Commission found its reported Trade With Price Improvement products did not offer price improvement.
Personal lender ClearLoans and its parent company have agreed to pay penalties of just over $6 million to settle the first COVID-19 related case brought by the Australian Securities and Investments Commission.
A former Nuix director has made a bid to stay a shareholder class action, which accuses the software company of failing to alert the market to red flags in the business, pending the outcome of separate proceedings by ASIC.
A judge has grilled the former general counsel of defunct logistics company GetSwift about why he did not confront the company’s directors for “bullying” other executives when they raised concerns about alleged continuous disclosure breaches.
A judge has rejected arguments by the Fair Work Ombudsman that the CFMMEU should be slugged with a penalty close to the maximum for the conduct of union officers who failed to show entry permits at a worksite, but she has imposed personal penalties against two officers with a record of prior breaches.
The ACCC’s rejection of a regional network arrangement between Telstra and TPG was “confusing” and the telecos might be free to vary the transaction, says a judge who is overseeing a challenge to the competition regulator’s decision.
The Australian Competition and Consumer Commission has begun a sweep of social media sweep over concerns about “manipulative marketing techniques” employed by influencers.
Melbourne stockbroker Bradley Grimm has pleaded guilty to charges of dishonesty following an investigation alleging Grimm — whose wife is a former ASIC employee — fleeced funds from clients.
A full bench of the Fair Work Commission has overturned a ruling that a Virgin Australia flight attendant was unfairly sacked, finding she breached the airline’s policies by sleeping on the job and stashing snacks in her crew bag.
Two home finance companies and their father-son directors have been hit with $150,000 in penalties after a judge found they failed to cooperate with the Australian Financial Complaints Authority in an ASIC enforcement action and subjected AFCA staff to “inappropriate and unprofessional behaviour.”