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Showing 51 - 60 of 142 results for "Legal action"

US funds launch lawsuit against big four banks

ALEX BURKE  |  FRIDAY, 19 AUG 2016
... regarding bank trading and the BBSW made in a statement of claim by ASIC in March 2016 and is vigorously defending the legal action brought by ASIC. "ANZ notes there has been no allegation by ASIC of collusion between it and other institutions." NAB's ...

SuperGuard360 gives SMSF trustees greater protection

MARK SMITH  |  FRIDAY, 15 JUL 2016
... monitor their service providers and investments. The service also supports registered funds through mediation and legal action if they fall victim to dishonest or deceptive conduct by third-party investment groups and advisers. It is hoped the new service ...

ASIC takes Macquarie to court over van Eyk fund

ALEX BURKE  |  THURSDAY, 23 JUN 2016
... has commenced proceedings against Macquarie Investment Management in the Supreme Court of New South Wales. ASIC's legal action relates to Macquarie's role as the responsible entity for the van Eyk Blueprint International Shares Fund and $30 million of ...

US mulls borrowing limit on leveraged ETFs

MARK SMITH  |  WEDNESDAY, 8 JUN 2016
... gained a bad reputation when the global financial crisis saw some retail investors experience heavy losses leading to legal action claiming they never should have been sold the instrument. Some investors were geared three to four times their original ...

ANZ ready to fight ASIC over BBSW

MARK SMITH  |  MONDAY, 7 MAR 2016
... inter-bank lending, in the period March 2010 to May 2012. A statement released by ANZ said it will "vigorously defend legal action brought by ASIC." ANZ chief risk officer Nigel Williams said: "We have co-operated fully with ASIC's investigation over ...

CBA says most customers received appropriate advice

ALEX BURKE  |  TUESDAY, 2 FEB 2016
... expressions of interest; 9,346 were formally admitted and 810 have since "exited" (none of which have since launched legal action against CBA). Promotory's report said that the amount of cases reviewed demonstrates a "marked acceleration" during the ...

Court fines SMSF admin for "free setup" ads

ALEX BURKE  |  WEDNESDAY, 4 NOV 2015
... Australia has fined Superannuation Warehouse Australia (SWA) for misleading "free setup" advertising. ASIC commenced legal action against SWA in May for advertising self-managed superannuation fund setup services on two separate websites; the regulator ...

Trio liquidators deny deregistering fraud fund

ALEX BURKE  |  MONDAY, 15 JUN 2015
... Victims of Financial Fraud (VOFF) chief executive Paul Matters has said in a statement that deregistration will prevent legal action being taken against GCSL. "De-registration of ASF would be the end game of this massive transnational fraud. Not only ...

ASIC takes SMSF business to court

MARK SMITH  |  MONDAY, 4 MAY 2015
ASIC has launched legal action against a company which is advertising 'free SMSF setup' online. The regulator wants financial penalties and orders to stop Superannuation Warehouse Australia (SWA) from making the claim on two of its websites: superannuationwarehouse.com.au ...

ASIC to face legal action over Storm Financial

LAURA MILLAN  |  THURSDAY, 5 FEB 2015
The Australian Securities and Investments Commission (ASIC) is facing a class action for its alleged delay in taking action against Storm Financial and for allegedly acting to protect the interests of major banks, particularly the Commonwealth Bank ...