Ategrity Specialty (ASIC) news

Ategrity Specialty Insurance pre-announces record second quarter 2026 results; appoints Neil Adler chief financial officer

ASIC: A $35M penalty sought from HSBC

The Australian Securities and Investments Commission (ASIC) has announced its intention to seek a $35 million penalty from HSBC Australia for alleged breaches of consumer protection laws. The proposed penalty stems from an investigation into the bank’s billing practices related to add-on financial…

ASIC: Calling on funds to ensure their 30 June asset valuations are current, accurate & grounded in realistic assumptions

Australia’s corporate regulator, the Australian Securities and Investments Commission (ASIC), has urged private credit funds and managed investment schemes to ensure that asset valuations as of 30 June 2026 are current, accurate, and based on realistic assumptions. This directive comes amid ongoing…

ASIC: former Star execs disqualified & ordered to pay penalties

The Australian Securities and Investment Commission (ASIC) has taken legal action against two former senior executives of The Star Entertainment Group Ltd (Star), finding them in breach of their duties under the Corporations Act 2001. Matthias Bekier, former Chief Executive Officer and Managing…

ASIC: record penalties against collapsed contracts for difference issuer Union Standard International Group, former authorised representatives

The Australian Securities and Investments Commission (ASIC) has imposed record penalties against the now-collapsed contracts for difference (CFD) issuer Union Standard International Group (USG) and its former authorised representatives, TradeFed and Europe FX. The Federal Court found that USG and…