Watchdog pushes financial literacy to counter AI boom
Australians need to get more financially literate or risk being exploited by an explosion of artificial intelligence scams…
ASIC’s remarkable turnaround as the tiger that found its teeth
Finally, a corporate regulator with an appetite for justice. After 20 years in the wilderness, the Australian Securities…
Netwealth strikes ASIC deal to compensate First Guardian investors
Financial services company Netwealth has agreed to pay more than $100 million to more than 1,000 clients who…
ASIC chair Joe Longo delivers warning to Australia’s superannuation sector after Cbus fined $23.5m
Australia’s corporate watchdog has delivered the superannuation sector a warning after a major fund was forced to pay…
ASIC shone a light on private lending and did not like what it saw
The corporate regulator is threatening Australia’s nascent private lending industry with tighter regulation if it does not see…
First Guardian super trustee Diversa ‘ticked off’ investments, says former financial adviser Ferras Merhi
A former financial adviser involved in placing thousands of clients into the since-collapsed First Guardian Master Fund says…
Melbourne man sentenced over medical cannabis company Cann Group insider trading case
Donvale man Antonio Stella has been found guilty of two counts of insider trading involving a medicinal cannabis…
Macquarie to repay Shield investors after super platform failures
Macquarie Investment Management has committed to repaying thousands of Australians who invested hundreds of millions of their retirement…
Senator calls for ‘heads on spikes’ to deter superannuation mismanagement
Lisa Rogers, 63, transferred half of her retirement fund across to First Guardian Master Fund and Shield Master…
ANZ faces record $240m penalty for ripping off customers and government
ANZ bank faces a record $240 million penalty for engaging in “unconscionable conduct” in some of its bond…
Clive Palmer’s human rights complaint referred to Supreme Court amid ongoing legal battles
Billionaire businessman Clive Palmer’s human rights complaint has been referred to the Supreme Court amid ongoing legal battles.…
Corporate watchdog ASIC sues Equity Trustees Superannuation over role in $160m Shield Master Fund
Australia’s corporate watchdog is suing Equity Trustees Superannuation — which has $88 billion in funds under management and…