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Showing 131 - 140 of 810 results for "Judge"

FSCP serves up registration prohibition order

KARREN VERGARA  |  MONDAY, 11 DEC 2023
The Financial Services and Credit Panel (FSCP) has slapped a financial adviser with a "registration prohibition order" for being insolvent under administration. Timothy Leslie Anderson's registration as a relevant provider has been revoked from ...

Former adviser convicted over false documents

CHLOE WALKER  |  THURSDAY, 30 NOV 2023
... ASIC's decision to the Administrative Appeals Tribunal, Fong pleaded guilty on March 24. In sentencing yesterday, her Honour Judge Zempilas noted that there was a degree of persistence in Fong Financial Planners' conduct, which had occurred over ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... were the result of inadequate systems and processes in place to ensure disclosure documents were compliant. The presiding judge, Justice McEvoy, said the "contraventions in the present case were extremely serious. They were large in number, many clients ...

AMP to pay $100m to settle BOLR class action

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
AMP will pay $100 million to settle the long-running Buyer of Last Resort (BOLR) class action - an amount double what it initially provisioned. The wealth manager announced this morning it has reached a settlement with AMP Financial Planning advisers ...

Inaugural FAAA award winners named

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
The Financial Advice Association Australia (FAAA) revealed the recipients of its 2023 awards, including Adviser of the Year and Certified Financial Planner Professional of the Year. Celebrating its first awards gala dinner as a merged entity in Adelaide ...

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... $110 million settlement that was reached in the long-running fees-for-no-service class action against AMP was approved by a judge yesterday. The class action was filed in June 2018 and came on the back of misconduct made public by the Royal Commission. ...

ASIC's pursuit of Mayfair 101 founder faces setback

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
... bid to run an expanded case against Mayfair 101's James Mawhinney was rejected by the Federal Court yesterday, with the judge saying fresh claims brought by ASIC would place Mawhinney in "significantly greater jeopardy." Having seen Mawhinney's initial ...

Escala loses bid to restrain former executives

KARREN VERGARA  |  FRIDAY, 13 OCT 2023
... not injunctive relief against Mr Allen suggests that they regard damages as an adequate remedy so far as he is concerned," Judge Waller said. A directions hearing is scheduled for next week. "The usual rule when a plaintiff fails on an application for ...

FAAA names inaugural awards finalists

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
The Financial Advice Association Australia (FAAA) has announced the 2023 finalists for its suite of awards, to be presented at its annual Professionals Congress in November. The newly merged entity has launched its inaugural awards, spanning six categories. ...

Adviser cops 10-year sentence

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
... financial adviser who took more than $10 million from clients to fund his lavish lifestyle will spend the next 10 years in jail. Judge Wraight sentenced Terence Rio Nugara to nine years and 11 months imprisonment at the Victoria County Court yesterday. ...