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| | | ASIC deputy commissioner Sarah Court told a parliamentary committee this morning that the regulator has identified around 140 financial advisers who were involved in super switching misconduct relating or similar to Shield and First Guardian. "We had ... |
| | | | ... replacement, and failed to listen to warnings over market outages. According to the concise statement filed in the Federal Court, seen and reported by the Australian Financial Review, Halstead is accusing Lofthouse of being "frequently passive-aggressive ... |
| | | | Private equity secondaries transactions are ramping up, as investors are consciously seeking external fund managers for their expertise in navigating changing conditions. bfinance's Sector in Brief: Private Equity Secondaries report noted that both ... |
| | | | ... Pension and Market Services, have been slammed for several death benefit processing failures. Taking Cbus to the Federal Court last November, ASIC alleged about 10,000 members have faced severe delays while some were left waiting more than 12 months ... |
| | | | ... during the Hayne Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The Federal Court later ordered the consolidation of two separate proceedings into a single class action, jointly run by Maurice Blackburn ... |
| | | | The Federal Court extended orders freezing the bank accounts of First Mutual Private Equity (FMPE) and its sole director Gregory Raymond Cotton, saying it believes investors' funds were used for gambling purposes. The orders were first made on August ... |
| | | | Receivers have been appointed to two related entities of Australian Fiduciaries following a Federal Court hearing this week. About $167 million is tied up currently, belonging to about 600 investors who placed their retirement savings in the Global ... |
| | | | ... February this year for possible breaches of superannuation legislation, with the regulator announcing the probe alongside a court-enforceable undertaking to address the super fund's risk management and oversight of key fund services. |
| | | | ... Mawhinney has been banned from receiving or soliciting funds related to financial products for 15 years after the Federal Court determined he had a "cavalier attitude to compliance" and was "reckless" in operating his business. Last Friday, Justice Button ... |
| | | | A Supreme Court jury has found Perth businessman Chris Marco guilty of fraud following a five-week trial, after he swindled six investors out of $34 million. Marco's former executive assistant, Linda Marissen, was acquitted of all charges of fraud. ... |
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