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ASIC PENALTIES
Australia imposes record $211 million fine on collapsed broker Union Standard, representativesAustralia's federal court has imposed a record A$300.2 million fine on Union Standard and its representatives. The foreign exchange broker ...- Australia's ANZ to pay $160 million over bond deal, customer violationsAustralia and New Zealand Banking Group will pay a hefty fine. The penalty is for misconduct including charging deceased customers. The ban...
- Aussie regulator wins case against Kraken crypto exchange operator on distribution flawsIn September 2023, the Australian Securities and Investments Commission (ASIC) initiated civil proceedings against Bit Trade alleging that ...
- Nike sinks over 18% as gloomy sales forecast fans growth concernsNike shares slumped 18.6% in early trade on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the ...
- Australian regulator sues crypto exchange for design, distribution failuresThe design and distribution obligations (DDO) require firms to design financial products that meet the needs of consumers and distribute th...
- Australian watchdog sues Facebook-owner Meta over fake crypto adsMeta said any ads that scammed people out of money or misled users violated its policies and the company uses technology to detect and bloc...
- Australian watchdog sues Facebook-owner Meta over scam advertisementsThe lawsuit filed in the Federal Court also alleges Facebook "aided and abetted or was knowingly concerned in false or misleading conduct a...
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