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Showing 131 - 140 of 402 results for "Justice"

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... close a missing link in Australia's financial system and ensure that many forgotten financial victims will receive the justice they deserve," CHOICE chief executive Alan Kirkland said. "The Financial Accountability Regime has the potential to be ...

Ethical, sustainable ETFs top $9bn

RACHEL ALEMBAKIS  |  FRIDAY, 27 JAN 2023
... ethical investors are still interested in the ethical treatment of animals, environment, issues of diversity and social justice and those things haven't changed." Betashares also noted that investors are also increasingly seeking stewardship of their ...

Court ruling reiterates need to comply with AFCA

CASSANDRA BALDINI  |  WEDNESDAY, 25 JAN 2023
... are implications for financial firms that don't engage with AFCA's requirements. On handing down the penalties, Justice Downes said: "Cooperation by AFCA members with AFCA is important to the effective running of the AFCA Scheme." "The conduct ...

Federal Court finds against finfluencer

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2023
... a successful share trader who had the ability to identify worthwhile companies in which an investment should be made," Justice Downes said. "It did not matter that the stories did not contain any overt recommendation to acquire the shares: it was enough ...

Adviser imprisoned for super fraud

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
... Nations consumers. "ASIC will continue to prioritise its enforcement work in this area," she said. In sentencing, his Honour Justice Levy said that Goel's conduct involved "deliberate and calculated acts of deceit"and constituted "a significant breach ...

Market manipulator sentenced

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... at the Supreme Court of Western Australia, after pleading guilty to market manipulation charges. In sentencing Cooper, Justice Forrester said: "It's fundamental to the viability of financial markets that they have integrity and that the community trusts ...

ANZ told to pay $25m for 20-year failure

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... affected a large number of customers, leading to a significant amount of money needing to be remediated, the presiding Justice O'Callaghan said. "There was also a significant delay in identifying impacted customers, and therefore remediating them. Although ...

CommSec, AUSIEX to pay $27m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... Market Integrity Rules and consequently, the Corporations Act (and additionally for CommSec, the ASIC Act)," the presiding Justice Abraham said. "The conduct is properly characterised as being extensive and systematic, occurring over an extended period ...

Throw out financial services law clutter: ALRC

ANDREW MCKEAN  |  WEDNESDAY, 5 OCT 2022
... create a legislative structure that is fit for purpose and that can accommodate future policy initiatives." ALRC president justice Sarah Derrington said the groaning complexity in the law regulating corporations and financial services comes at a significant ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... obligation to act efficiently, honestly and fairly and to comply with financial services laws. In handing down his decision, Justice Moshinsky said the failure to investigate the issue reflected poorly, particularly on AMP Life, calling into question ...