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Showing 151 - 160 of 394 results for "Justice"

Mayfair 101 files new appeal

ELIZABETH MCARTHUR  |  TUESDAY, 25 JAN 2022
... deposit'. Investors have lost about $211 million in these Mayfair products. In handing down the $30 million fine, Justice Anderson said: "The defendants deliberately misled investors into investing in the Mayfair Products under the belief that they ...

Federal Court imposes $4m penalty on industry fund

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... and $500,000 for failing to report the breach to ASIC. In handing down the reasons for his decision yesterday in court, Justice Besanko noted that while Statewide's conduct was not deliberate, the contraventions of the law were serious. His Honour ...

Federal Court fines Mayfair $30m

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... Group has been ordered to pay a combined penalty of $30 million for misleading advertising. In handing down the decision, Justice Anderson said the increased penalties were appropriate, noting that those sought by ASIC were insufficient. "The defendants ...

Disgraced former fund manager chief declared bankrupt

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
... Michael Christodoulou King based on the unpaid penalty even though such a debt is not one provable in bankruptcy, ASIC said. Justice Kylie Downes decided to bankrupt King as he owes provable debts of more than $177 million and shows no evidence of being ...

Australian Ethical takes stake in boutique

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... and advice markets, Almagor told a podcast. The investment focus is on renewable and clean energy, Indigenous and social justice, regenerative agriculture and food production, and carbon sequestration, he said. Sentient is led by chief executive Oliver ...

La Trobe fined for misleading investors

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
... as to the entitlement to withdraw funds and the risk of loss of capital invested," the judge presiding over the case, Justice O'Bryan, said. "Each of the representations was made over periods ranging from about one year to more than three years ...

Fintech professor nabs unique award

ELIZABETH MCARTHUR  |  MONDAY, 8 NOV 2021
... of the most widely read papers in the world. Scientia Professor Ross Buckley from University of New South Wales Law & Justice has claimed the title of most-read legal author in the world. Every month, SSRN - an online database of scholarly research - ...

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... operate in a way that is fair for members and promotes confidence in superannuation." Handing down his decision today, Justice Murphy found that CFS's conduct "involved false or misleading representations made to approximately 13,000 members of the ...

Link vows to fight class action

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
... is a big step forward in the legal action which we hope will allow investors of the Woodford Equity Income Fund to get justice and their hard-earned pensions and savings returned to them." Link Fund Solutions acted as the fund's authorised corporate ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... million and cover ASIC's costs. The regulator was pushing for a penalty of $40 million to be imposed but the judge, Justice Davies, determined this was excessive, in part because she did not believe NAB committed some of the contraventions knowingly ...