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Showing 151 - 160 of 190 results for "Sarah Court"

James Mawhinney sues ASIC, deputy chair

JAMIE WILLIAMSON  |  TUESDAY, 18 OCT 2022
The Mayfair 101 managing director is claiming he was defamed by the regulator and deputy chair Sarah Court in a recent press release. Mawhinney has filed defamation proceedings against ASIC and Court in the Federal Court over information included in ...

AFSL boss banned by ASIC

CASSANDRA BALDINI  |  TUESDAY, 11 OCT 2022
... determinations directed those entities to pay consumers a total amount of approximately $2.5 million. ASIC deputy chair Sarah Court said directors of AFS licensees must ensure that their firms comply with AFCA determinations. "This is a fundamental obligation ...

Court dismisses Mayfair 101 appeal

JAMIE WILLIAMSON  |  TUESDAY, 11 OCT 2022
... their products were of a similar risk profile to bank term deposits, when that was not the case," ASIC deputy chair Sarah Court said. "The decision to uphold the original findings of the Federal Court, and ASIC's case that the Mayfair 101 Group's ...

Court dismisses CBA, CFS conflicted remuneration case

JAMIE WILLIAMSON  |  THURSDAY, 29 SEP 2022
... retail clients or the advice given to retail clients. ASIC will carefully consider the judgment," ASIC deputy chair Sarah Court said. "ASIC will continue to work to ensure retail clients receive appropriate advice, that aligns with their interests."

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... compliance arrangements in place to ensure the payments ceased when members left their employer," ASIC deputy chair Sarah Court said. "Superannuation trustees should treat the penalty imposed today as an important reminder to maintain robust internal ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... Dixon Advisory was given a 30% discount for its cooperation and will instead pay $7.26 million. ASIC deputy chair Sarah Court said: "Licensees need to ensure their representatives are taking into account their clients' specific needs and circumstances." ...

Mawhinney ban overturned, to face retrial

JAMIE WILLIAMSON  |  THURSDAY, 15 SEP 2022
... trial, ASIC was operating under what it now accepts to be a mistaken view of the law. Commenting, ASIC deputy chair Sarah Court said the regulator will consider the judgment very carefully and evaluate its next steps. "ASIC took this case to protect ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... ZIB's conduct constituted "a serious departure from reasonable standards of performance of advice." ASIC deputy chair Sarah Court said ASIC took on this case because of concerns that personal advice was being provided without the relevant legal protections ...

Convicted former financial adviser banned for life

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
... three-year intensive correction order, including a 12-month home detention order. During the hearing, ASIC deputy chair Sarah Court said that instead of showing the honesty and integrity required of someone who works in the financial services sector ...

ASIC takes Lanterne Fund Services to court

ANDREW MCKEAN  |  THURSDAY, 7 JUL 2022
... obligations as an AFSL holder, including a failure to meet organisational competence requirements. ASIC deputy chair Sarah Court said: "ASIC is concerned that for an extended period there was a real risk of investor harm due to shortcomings in Lanterne's ...