Macquarie Group has commissioned an external review by Allens into the integrity of the tender process for the appointment of incoming auditor KPMG, Chair Glenn Stevens announced at the bank's annual general meeting in Sydney on Thursday.
ASIC on Thursday proposed to simplify its guidance for how sell-side researchers help clients make investment decisions about initial public offerings and other capital raising, after industry feedback called for less prescriptive guidance to their investment research.
The estate of the late convicted fraudster Melissa Caddick has been wound up in the Federal Court of Australia, bringing to an end the six-year case after investors in the Ponzi scheme she set up recovered $9 million in dividends from her estate and business.
A former financial director of Coinshype, and brother of Australian Olympic breakdancer Raygun, was handed a 12-month suspended prison sentence for dealing with $180,000 in funds from a suspected cryptocurrency scam, ASIC said on Thursday.
