Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 141 - 150 of 682 results for "Proceedings"

E&P chief exits early

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... the direction of the board, including assistance with finalising the conditional settlement of the representative proceedings filed by Shine Lawyers, which was announced by the Company on 14 November 2023," E&P said. E&P settled the Shine-led class action ...

Perth Mint enters voluntary enforceable undertaking

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
... seeking court orders to enforce the EU or cancelling it and taking other action, including commencing civil penalty proceedings in the Federal Court. AUSTRAC believes the EU will ensure that Gold Corporation addresses the AML/CTF deficiencies through ...

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
... not consider clients' particular needs or entire financial circumstances. In addition to DASS, Shine brought the proceedings against E&P, former chief executive Alan Dixon and former director Christopher Brown, claiming that advisers recommended ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... statements made against Vanguard Investments Australia and Active Super. In July, ASIC brought forth civil penalty proceedings in the Federal Court against Vanguard. ASIC alleges that the investment manager issued "false and misleading statements", misrepresenting ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... hardship requests over a seven-year period. Westpac blames it on "technology failure". ASIC has commenced civil penalty proceedings in the Federal Court, alleging that it failed to respond to hardship notices within 21 days as required by law. The bank ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... strong member experience - and that includes our complaints handling process. This matter is now the subject of ASIC proceedings so we're unable to provide further details at this time." Complaints to a superannuation trustee can cover a range of ...

Financial services firms hit with criminal charges

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
Two businesses tied to permanently banned Sydney director David Sutton have been charged in separate proceedings following an investigation by ASIC. APC Securities, previously known as McFaddens Securities, and Brava Capital, formerly Dayton Way Securities ...

Piper Alderman investigates second CFD class action

CHLOE WALKER  |  WEDNESDAY, 25 OCT 2023
... found that most of these clients earned less than $80,000 a year. In recent years, ASIC has also successfully brought proceedings for breach of the Corporations Act against several CFD licensees operating in Australia, with penalties in excess of $75 ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
... about a now banned adviser's dodgy behaviour but failed to act. In October 2021, ASIC commenced civil penalty proceedings against Diversa, alleging it had breached the law by allowed Australian Super Find, the Australian Dealer Group, and financial ...

AMP challenges BOLR court ruling

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
... advice Matt Lawler said: "While we believe we have grounds on which to appeal, we also recognise the ongoing impact the proceedings are having on practices, with whom we've worked hard to rebuild strong and trusted relationships."