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Showing 141 - 150 of 408 results for "Justice"

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 ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... advice resulted in the clients' SMSFs being insufficiently diversified and exposed to risk of capital loss, ASIC said. Justice McEvoy said there is no evidence that reasonable investigations into the products or alternatives were conducted, nor that ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... services covered by its licence, as provided by MobiSuper, were provided efficiently, honestly and fairly," ASIC said. Justice Charlesworth said ZIB's conduct constituted "a serious departure from reasonable standards of performance of advice." ASIC ...

FICAP raises over $120k for charity

CASSANDRA BALDINI  |  FRIDAY, 26 AUG 2022
... manager Julianne Sanders explained that for 40 years SHINE has supported children and young people effected by the criminal justice system. "Children with a parent in prison are the invisible victims of crime. They experience significant psychological ...

US Senate passes $1tn Inflation Reduction Act

ANDREW MCKEAN  |  MONDAY, 8 AUG 2022
... Senate has put the nation on the cusp of achieving the most ambitious federal climate, clean energy, and environmental justice investments in US history." "This package will bring enormous economic benefits across the country, all while addressing core ...