Search Results | Showing 141 - 150 of 673 results for "Penalty" |
| | | ... providing 'fast cash' to financially vulnerable clients, which was followed with inappropriate advice. Fuoco was also fined a penalty of $650,000 for his involvement. ASIC now alleges that between March 2019 and April 2023, in contravention of these ... |
| | | | ... four infringement notices. "If Penta does not pay the remaining instalments ASIC may further investigate and file civil penalty proceedings," ASIC said. ASIC clarified that Penta Capital "is not an Australian financial services licensee or authorised ... |
| | | | ... Linchpin Capital Group and Endeavour Securities, both of which are now in liquidation, were slapped with a combined $390,000 penalty by the Federal Court for breaching their duties. Last April, the court found that Ian Williams, Paul Raftery, Paul Nielsen ... |
| | | | ... recently suspended the AFSL of Melbourne-based over-the-counter (OTC) derivatives issuer Prospero Markets (Prospero). The penalty comes after the Forex and CFD trading platform, which services mainly Chinese-speaking clients, failed to lodge its annual ... |
| | | | ... connected to OnePath Life's avoidance of an income protection policy. The case marks ASIC's first attempt to impose a civil penalty under s13 of the Insurance Contracts Act 1984 (Cth), a section that mandates insurers uphold the duty to act with utmost ... |
| | | | ASIC commenced civil penalty proceedings against Adam Blumenthal, the director of investment bank EverBlu Capital, for alleged market rigging and failing in his duties as a director to manage conflicts of interest. The case will also look at Blumenthal's ... |
| | | | ... Meanwhile, ASIC deputy chair Karen Chester said the fine confirms the paramount importance of continuous disclosure. "The penalty and remarks from the Judge are a clear and resolute message to ANZ and the market that this conduct was very serious," Chester ... |
| | | | ... account by Judge Zempilas when handing down the sentence," ASIC said. At the time of Fong's offending, the maximum penalty for an individual for engaging in dishonest conduct while providing financial advice and carrying on a financial services business ... |
| | | | The Federal Court has imposed a $5 million penalty on OnePath Custodians for unlawfully deducting adviser service fees from members. According to court documents, the trustee made misleading representations about its right to continue charging fees ... |
| | | | ... in this case does not occur." ASIC had proposed to the court that Mercer be fined $20 million, while Mercer claimed a penalty of $8.5 million was sufficient, adding that this would be equivalent to 1.4 to 2.1 years of normalised profits. The court met ... |
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