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Showing 91 - 100 of 2243 results for "Court"

Court rejects former fund manager's appeal

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2024
A former fund manager who went to jail for misappropriating client funds had an appeal quashed. The Queensland Court of Appeal has dismissed an application by Roger Munro against his conviction on three counts of fraud. Munro was sentenced to four and ...

WAM calls to save in-person AGMs

ELIZA BAVIN  |  FRIDAY, 26 JUL 2024
... Keybridge Capital after Keybridge called for an in-person AGM which WAM moved to a virtual event. Keybridge took WAM to court, claiming that moving the meeting online was "illegitimate" and sought to impugn the decision made by WAM's board to change ...

Insignia Financial looks to slash redundancy entitlements

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2024
... company's operating model. And, earlier this week, it was announced one of its superannuation RSEs, OnePath, has entered a court enforceable undertaking with APRA and paid a $10.7 million fine as it continues to identify members whose contributions ...

DG Institute to pay near $20m for misleading courses

MATTHEW WAI  |  WEDNESDAY, 24 JUL 2024
The Federal Court has ordered Master Wealth Control, also known as DG Institute, to pay $5 million in fines for "making false and misleading representations" to customers in relation to its educational programs, Real Estate Rescue (PER) and Master Wealth ...

ASIC hits Melbourne adviser with travel ban

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
... The orders prevent King from leaving or attempting to leave Australia until 1 April 2025. They were made by the Supreme Court of NSW after an application by ASIC and were consented to by King, without admission. The Supreme Court ordered King to hand ...

Insignia Financial flags more remediation ahead

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... weren't directed into a MySuper product when they should have been; this conduct has also led to Insignia Financial entering a court enforceable undertaking with APRA, also announced today. Finally, the balance of $20 million related to historic ...

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
OnePath Custodians is entering a court enforceable undertaking with APRA and will pay close to $11 million, as it continues to identify super members whose contributions weren't directed to a MySuper option when they should have been. APRA has agreed ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... issues. "This misalignment threatened the viability of the group." Last month, ASIC obtained interim orders from the Federal Court to freeze the assets of the Shield Master Fund, a registered managed fund overseen by Keystone Asset Management. ASIC said ...

UK announces new Pension Schemes Bill

JAMIE WILLIAMSON  |  THURSDAY, 18 JUL 2024
... commercial super funds to better protect members of closed legacy schemes, reaffirming the Pensions Ombudsman as a competent court, and amending the Special Rules for End of Life (Pension Protection Fund and Financial Assistance Scheme) to extend the ...

BitConnect promoter hit with good behaviour

KARREN VERGARA  |  TUESDAY, 16 JUL 2024
... pleaded guilty to spruiking a fraudulent scheme has been handed a good behaviour order and escaped jail time. The District Court of New South Wales ordered John Bigatton on good behaviour for three years, starting from July 12 and ending on 11 July 2027. ...