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ASIC has been appointed by the United Kingdom Government's Home Office UK Border Agency to accredit private UK colleges for visa purposes. [3] In this capacity, ASIC distinguishes colleges that actually provide educational services from bogus institutions that allow international students to obtain fraudulent visas.
ASIC v GetSwift Ltd is a 2023 decision of the Federal Court of Australia brought by the Australian Securities and Investment Commission (ASIC) against technology company GetSwift Ltd which resulted in the largest ever penalty awarded for corporate misconduct [1] and resulted in reforms to listing rules on the Australian Securities Exchange (ASX).
ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors. [2] ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's authority and scope are determined by the Australian Securities and Investments Commission Act 2001.
"ASIC alleges that Colthup used the funds to pay liabilities of ACCE and/or purchase cryptocurrency for others," it said in its statement. ... has been charged with fraud in connection to an A$2.2 ...
Melissa Louise Caddick (née Grimley; born 21 April 1971 [2] – disappeared 12 November 2020, declared deceased 2023) was an Australian woman who disappeared in November 2020 amid an investigation by the Australian Securities & Investments Commission (ASIC) for carrying on a financial services business without holding an Australian Financial Services (AFS) licence. [3]
Because Johnston was never charged with fraud, ASIC lacked the necessary criminal-law basis for pursuit of his extradition to face charges in Australia. He simply had to stay out of the country to avoid facing shareholders. [21] However, on 2 November 2009, Johnston openly returned to Australia, reportedly to see family members. [33]
The U.S. Supreme Court sidestepped on Friday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Meta's Facebook of misleading investors about the ...
Australian Securities and Investments Commission v Rich [1] was one of the biggest civil cases in NSW Supreme Court history, in which the Australian Securities and Investments Commission accused former executive directors of One.Tel telecommunications company, Jodee Rich and Mark Silbermann, of having failed to meet their duty of care in the months leading up to the company's collapse in May 2001.