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Regulation

17 May 2024 • By Rhea Nath • 1 min read

Crypto platform promoter pleads guilty to providing unlicensed financial services

He was previously banned by ASIC in 2020 for providing unlicensed financial product advice and engaging in deceptive and misleading conduct

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Federal budget 2024–25: Here’s what you need to know

Treasurer Jim Chalmers delivered the Albanese government’s third federal budget on Tuesday evening, 14 May, touting a balanced approach in an ...

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Former investment manager pleads guilty to forging reports

The man was arrested last year over forged reports that allegedly falsely verified or claimed a history of investment returns. Brett Paul ...

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JP Morgan Securities Australia rapped for market gatekeeper failure

The firm has been hit with a $775,000 penalty by the corporate regulator. JP Morgan Securities Australia Limited (JPMSAL) has been penalised by the ...

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Prepared to raise rates if necessary: RBA admits all options are still in play

Economists have perceived the RBA’s latest statement as showing no near-term appetite towards rate easing. The Reserve Bank of Australia (RBA) left ...

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ASIC puts portfolio managers on notice amid increased greenwashing scrutiny

Portfolio managers have been put on notice by ASIC, as the regulator expands its focus on the governance around sustainable investing in an effort to ...

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Runway to rate cuts grows longer with latest CPI data

While recent figures indicate inflation is continuing to fall, a slowing rate of decline in the March quarter is setting the stage for a “cautious” ...

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Australian company failures on track for 11-year high

The number of company failings is set to exceed 10,000 before July, new data has shown. Between 1 July 2023 and 31 March 2024, 7,742 companies ...

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Gradual loosening in the jobs market not consistent with near-term rate cuts, economist says

According to an economist, for the RBA, the key question will be whether the very gradual loosening in the jobs market will be enough to continue to ...

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Market rigging lands former director $850k fine

A former director has been ordered to pay $850,000 for market rigging offences. The Federal Court has ordered Adam Blumenthal, former director of ...

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