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Showing 141 - 150 of 721 results for "Proceedings"

E&P Financial Group seeks to delist

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... moving to delist from the ASX, claiming the company is materially undervalued thanks to the barrage of regulatory proceedings and class action litigation it faced in recent years. These issues have sustained a negative impact on the share price, the ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... the fund under workplace agreements or enterprise bargaining deals. The corporate regulator initiated civil penalty proceedings against Rest in March 2021, claiming that from March 2015 to May 2018 the super fund made representations that discouraged ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
... division, highlighting the manufacturing division's lobbying to withdraw from the CFMEU. APRA has commenced civil proceedings in the Federal Court of Australia seeking civil penalties and O'Connor's disqualification. The regulator alleges ...

ASIC wins case against crypto exchange Kraken

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... margin offering and "will move quickly to comply and continue to service our customers." ASIC commenced civil penalty proceedings against Bit Trade in September 2023 after previously warning the company about its failure to comply with design and distribution ...

ASIC locks eyes on super industry

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
... the past year ASIC had commenced around 170 new investigations - an increase of around 25% - and filed 33 new civil proceedings in the Federal Court - an increase of 27%. "Our investigations have led to 18 criminal convictions and seen a further 23 individuals ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... the impact of legal costs and insurance, and chose "not to disclose the likely amount as they are still subject to proceedings with AFCA and potential recourse from the advisers, and the disclosure of such amounts is likely to prejudice those proceedings". ...

ASX lifts revenue amid lower listings, capital raises

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... growth in customer connections at the Australian Liquidity Centre (ALC). The exchange did not provision for the legal proceedings ASIC brought against it on August 13 post-reporting period. ASIC alleged the ASX breached certain sections of the ASIC Act ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court against the ASX, for allegedly making misleading statements related to its Clearing House Electronic Subregister System (CHESS) replacement project. ...

Misconduct cases soar at CBA

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... financial advice as well as a class action which commenced in New Zealand. "The board continues to monitor each of these proceedings and investigations," CBA said. "The group also continues to engage with its regulators and other bodies in relation to ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... to the advice business, including the ongoing class action related to commissions for advice and insurance advice. Proceedings for this case are listed for a four week trial in the first half of 2026.