Former Pilbara-focused property developer Veronica Macpherson has been permanently banned from providing financial services following an investigation by the corporate watchdog.
The corporate watchdog has banned a former Perth-based AMP financial adviser from providing services for the next five years after he was found to have given clients poor advice.
Perth-based Cash Converters International has made a $650,000 settlement payment in relation to concerns over its debt collection practices, as the company transitions the process to a specialist third party.
AMP has had $1 billion wiped off its market value during a royal commission appearance in which the wealth management giant admitted to charging clients for advice they never received and then lying about it to the corporate watchdog.
Former Perth finance broker Peter Lachlan McDonald has pleaded guilty to giving false information and fraud charges following an investigation by the corporate watchdog.
Commonwealth Bank of Australia has agreed to pay $3 million after the corporate watchdog found two of the lender's financial planning arms charged customers millions of dollars for advice they did not receive.
The board of Finders Resources has been overhauled after Indonesian group Eastern Field Developments increased its stake above 90 per cent in its $177 million takeover of the copper miner, with David Fowler appointed as a director and acting chief executive.
The corporate watchdog has today released a report outlining changes made by the big four banks to small business loans to remove unfair terms, while the Australian Competition and Consumer Commission has flagged concerns with the major banks' mortgage pricing strategies.
Perth-based company Superfunded has been placed into liquidation after the Federal Court made orders to wind-up the business following an application by the corporate watchdog.
The Australian Securities and Investment Commission has applied to the Federal Court to appoint a liquidator to local company Superfunded, owned by former financial adviser Mark Goldenberg.
The corporate watchdog has banned Perth-based financial adviser Philip Leake from providing financial services for the next five years after he was found to have given poor advice to a number of clients.
Australia's major banks are under mounting pressure today, with a draft report from the Productivity Commission raising doubts about competition levels as regulators apply more scrutiny to three of the 'big four'.
Financial advisers at the big banks have been found to be biased towards their employer's products, which in some cases has left their customers worse off.
A company selling car repair warranties will refund $4.9 million to thousands of customers who were sold high-priced cover by sales staff chasing bigger commissions.
UPDATED: Australian startups will now be able to raise capital via crowdfunding sources after the corporate watchdog today approved the first batch of licences allowing companies to act as intermediaries in the process.
A new capital markets platform that has backers from accounting firm BDO, law firm Steinepreis Paganin, and property group CrowdfundUP plans to target both traditional capital raising deals and the new field of equity crowdfunding.
Citibank will refund customers more than $4.3 million after failing to give back outstanding credit card balances, and providing misleading statements about unauthorised transactions.
The Australian Securities and Investments Commission has banned a former Perth-based financial adviser from providing financial services for 10 years, while an ex-Commonwealth Bank financial planne
ANALYSIS: If a full-blown mortgage crisis were to hit Australia, it will have been brought about by mismanagement at all stages of the home-loan process.
Commonwealth Bank of Australia is being investigated by the corporate regulator over its alleged breach of money laundering and terrorism financing laws.
The Australian Securities and Investments Commission has slapped a five-year ban on a Queensland-based former employee of stockbroking firm Patersons Securities, after he made unauthorised trades on a client account and created false records on two further accounts.
The corporate watchdog has banned a Perth financial adviser from the industry for failing to act in the best interests of his clients while he was employed by a subsidiary of Westpac.
The corporate watchdog has made an example out of Kwickie Investments – which is run by the founder of failed music streaming service Guvera – over the misuse of the ‘sophisticated investor' status.
The corporate watchdog has banned a former Westpac employee from providing financial services after finding he mishandled more than $1 million worth of advice service obligations.
A week after the Federal Court ordered a wind-up of Macro Group, the corporate watchdog has sought the same action for a number of special purpose companies connected with the failed Pilbara-based property developer.
The Federal Court has granted the corporate watchdog's request to wind-up Pilbara-based property developer Macro Group, appointing representatives of KPMG as liquidators today.
Bankrupt former coal baron Nathan Tinkler and two of his closest business allies have been banned from managing a company for at least three years for their roles in the collapse of several businesses.
UPDATE: Diploma Group boss Nick Di Latte says the company will continue to push forward with its proposal to revive the company and provide a return to creditors, after provisional liquidators were appointed to 20 Diploma-related entities today.
Former Australian Wheat Board chairman Trevor Flugge has been fined $50,000 and barred from managing corporations for five years, after he was convicted in December of breaching his duties as a director while the company was making questionable payments to the government of Iraq.
The Reserve Bank of Australia has been forced to fire a stern warning at mortgage lenders, knowing any change to interest rates is a risk to fragile economic growth, economists say.
Two days after Harvey Norman rejected a claim that the Australian Securities and Investments Commission was reviewing its accounts, the retail giant has said the corporate watchdog is undertaking a “routine review”.
