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Showing 1151 - 1160 of 2460 results for "Court"

Adviser asked to cover regulator costs

KANIKA SOOD  |  MONDAY, 18 FEB 2019
The Queensland Supreme Court has issued orders against a man who ran an unlicensed advice business and collected kickbacks on investment properties he recommended to his SMSF clients. Richard Gardner and Advanced Wealth Financial Services Pty Ltd (where ...

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... unwillingness to accept that what they had done was wrong. Maintaining that kind of attitude would have been all the harder had a court decided the issue," he said.

OPINION: Post RC, where to now for retail super?

ALEX DUNNIN  |  MONDAY, 4 FEB 2019
... being called out for weak-kneed enforcement and the recommendation that they be subject to more oversight. The push for more court prosecutions should also hopefully spell the end on those embarrassing Enforceable Undertakings. Pulling all this together ...

Hayne recommends new regulatory overseer

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... enforcement responsibility has occurred. The report also noted ASIC should approach enforcement by starting with whether or not a court should determine the consequences of a contravention of the law. Hayne also said the corporate regulator should recognise ...

Former adviser steals $5m from clients

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... close to $5 million in client funds. Former Adelaide financial adviser James Gibbs appeared before the Adelaide Magistrates Court last Friday charged with 28 dishonesty offences. He pleaded guilty to all of them. It is alleged that between 20 August ...

DomaCom partners with big four bank

HARRISON WORLEY  |  FRIDAY, 1 FEB 2019
... Naoumidis said. In December the firm announced it had raised about $3 million as it looked to convert its win in a Federal Court case which determined whether or not SMSFs could invest in its fund, even in the case where a related party was a tenant ...

Ponzi scheme fined $1.4bn

KANIKA SOOD  |  WEDNESDAY, 30 JAN 2019
... obtained orders to freeze the assets of the unregistered funds, calling it a US$1.2 billion Ponzi scheme. Now, the Federal Court in Florida ordered Woodbridge and its 281 related companies to pay US$892 million in disgorgement. It also ordered Shapiro ...

MLC drops wrap and super admin fees

DARREN SNYDER  |  TUESDAY, 29 JAN 2019
... are also arriving before the Royal Commission's final report; and during an ongoing ASIC and MLC civil case in the Federal Court over separate fees-for-no-service issues. The chief executive acknowledges he's been tasked with restoring MLC's trust in ...

Advice dealer group seeks ASX listing

JAMIE WILLIAMSON  |  THURSDAY, 24 JAN 2019
... AD Capital attempted to merge with Linchpin Capital. The share sale agreement was terminated when ASIC commenced Federal Court action against Linchpin a month later.

NSW adviser banned for 25 years

KANIKA SOOD  |  TUESDAY, 22 JAN 2019
The Federal Court has handed down a 25-year ban to a New South Wales financial adviser and wound up two companies related to him following an ASIC investigation. Starting in 2008, Graeme Walter Miller advised SMSFs and other clients of CFS Private Wealth ...