Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 610 results for %22High Court%22

Mayfair 101 files new appeal

ELIZABETH MCARTHUR  |  TUESDAY, 25 JAN 2022
Mayfair 101 has confirmed it will appeal the 2021 Federal Court decision that found its advertising misled and deceived investors. The notice of appeal was filed on the same day Mayfair was fined $30 million for the misconduct. Mayfair's appeal claims ...

Financial watchdog warns on crypto

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... marketing, recommending Australians switch from retail and industry superannuation funds to SMSFs so that they can "invest in a high return portfolio". SMSF trustees are also being targeted to invest in crypto assets. Australians who decide to self-manage ...

CFP Board welcomes new chair

KARREN VERGARA  |  FRIDAY, 14 JAN 2022
... Vanguard and Dimensional Fund Advisors across relationship management and adviser services roles, working alongside ultra-high net worth individuals, endowments and foundations. "Equipped with our new strategic priorities, 2022 will be an exciting year ...

Federal Court fines Mayfair $30m

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... Mayfair Products". ASIC has pursued Mayfair since 2020 for misleading consumers in its advertising. ASIC deputy chair Sarah Court said this penalty makes clear that firms must do the right thing by their investors, irrespective of whether they are wholesale ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... has filed multiple proceedings against one entity at the same time. Announcing the filings today, ASIC deputy chair Sarah Court said these were exceptional circumstances. "ASIC had numerous Westpac-related matters under investigation through the course ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
... misconduct relating to a targeted range of financial products and services, excludes managed investment schemes or other high risk financial products. "We've made sure banks pay towards the cost of establishment of the CSLR, and I'm yet to see ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... Cole said: "AMP is one of the wealth industry's largest and best resourced companies, and APRA expects a commensurately high standard of governance and risk management." "While we acknowledge the efforts AMP Super has made towards improving its internal ...

ASIC bans adviser over Linchpin, Endeavour fund

ANNABELLE DICKSON  |  THURSDAY, 4 NOV 2021
... supervising or auditing the provision of financial services. ASIC alleged McDermott recommended some of his clients invest in the high-risk Investport Income Opportunity Fund however, the risk profile of the fund did not match those of his clients. McDermott ...

E&P Financial Group hit with class action

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... to March 2020. The firm changed its name from Evans Dixon to E&P Financial Group following Dixon's exit. URF traded as high as $2.30 per share in 2016, before its troubles began, to currently 31 cents per share at the time of writing. ASIC pursued ...

Taxpayer Bill of Rights recommended

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... Specifically, the committee recommends that taxpayers not have to pay tax debts until a final determination is made by a court or another agreed on dispute resolution body. And, it has suggested that ATO workers should be more educated on taxpayer rights ...