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Showing 121 - 130 of 354 results for "Supreme Court"

ASIC permanently bans ex-HSBC, ANZ planners

KERRIE SYDEE  |  MONDAY, 30 MAY 2016
... adviser Kenneth David Drake was banned after pleading guilty and being convicted of two counts of stealing in the Supreme Court of Tasmania on 5 April 2016. Drake was charged after stealing $940,935 from two elderly clients of his financial services ...

MFSIM execs use $143.5m in client money to repay debts

KERRIE SYDEE  |  TUESDAY, 24 MAY 2016
... Management (MFSIM), now known as ACN, have been found liable for breaching their directors' and officers' duties by the Supreme Court of Queensland. The MFS Group, subsequantly known as Octaviar, collapsed in 2008 owing $2.5 billion. ASIC launched civil ...

Property spruiker banned for providing unlawful advice

MARK SMITH  |  TUESDAY, 20 OCT 2015
The Supreme Court of NSW has restrained a property business for providing unlawful advice to clients who wanted to purchase investment properties through an SMSF. The judge found that Park Trent Properties Group had been unlawfully carrying on a financial ...

Failure to monitor ESG may breach fiduciary duty

LAURA MILLAN  |  FRIDAY, 4 SEP 2015
A United States Supreme Court ruling has cleared the way for actions against institutions that fail to monitor the effects that climate change has on their portfolios. The Supreme Court held on 18 May 2015 that trustees have a fiduciary duty, emanating ...

Future Fund and AustralianSuper settle court case

LAURA MILLAN  |  THURSDAY, 18 JUN 2015
... own portfolio during a 6-month analysis. Documents released by the Future Fund when it lodged its defence to the Supreme Court of Victoria revealed that the sovereign fund's senior executives David Neal and Mark Burgess had met with AustralianSuper chief ...

Plan sponsors have fiduciary obligations: SCOTUS

ALEX DUNNIN  |  THURSDAY, 21 MAY 2015
In a case that is expected to send shock waves through the US workplace superannuation market, the US Supreme Court has agreed that 401(k) sponsors have a fiduciary obligation to not just monitor their funds but remove underperforming or excessively ...

Court approves Great Southern settlement

AAP  |  FRIDAY, 12 DEC 2014
... agricultural projects manager, which raised $1.8 billion and managed 45 investment schemes, collapsed in 2009. Victorian Supreme Court Justice Clyde Croft approved the settlement yesterday, agreed to by Bendigo and Adelaide Bank and about 2,000 of its ...

Former Moody's analyst guilty of insider trading

MARK SMITH  |  MONDAY, 8 DEC 2014
... price-sensitive announcements. The total profit made from the trades was $184,408.20. The pair each pleaded guilty in the Supreme Court of NSW to two insider trading charges which occurred between 10 and 14 November 2006. The pair admitted that Joffe ...

Market Wrap AM

AAP  |  THURSDAY, 4 DEC 2014
... retail trade figures, both for October. In equities news, Nufarm has its annual general meeting. Meanwhile, the Supreme Court of Victoria is expected to hand down its judgment in Tabcorp and Tatt's appeal in the state poker machine levy case. In Australia ...

ASIC takes SMSF property spruikers to court

LAURA MILLAN  |  WEDNESDAY, 12 NOV 2014
... self-managed superannuation funds (SMSFs) to purchase investment property. The has commenced proceedings in the Supreme Court of New South Wales is seeking declarations that Park Trent is unlawfully carrying on a financial services business without an ...