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

Search Results

Showing 161 - 170 of 618 results for %22High Court%22

SMSF fraudster charged

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... Arion Financial, Gore presented investors with information that they could invest in debentures that included a guaranteed high return and that the funds could be returned after a short-term period. The court found that in relation to four SMSF clients ...

Federal Court freezes investment scam, winds up SMSF operator

ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
... (AFSL). ASIC alleges Beresford established Maxwell Financial Services in 2019 and offered investors financial products with high annual returns. However, its website stated its representatives held an AFSL and it was associated with ASIC and APRA when ...

Alex Waislitz fails to block OneVue acquisition

KANIKA SOOD  |  THURSDAY, 22 OCT 2020
... were against it. Four shareholders, representing a small number of votes abstained. This means at around November 6, after court approval of the scheme, Iress will have bought OneVue for about $115 million in cash in equity value. "We are pleased with ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
... investors." The justice said the serious nature of the contraventions, along with the need to send a clear message, justifies the high penalties. "The overall penalty for AGM be higher than that for OTM and Ozifin, reflecting the failure by AGM to discharge ...

Mayfair 101 promises investors pie in the sky

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... bounce back from recent woes. In its latest announcement, foreshadowing the proposal to the Federal Court, Mayfair 101 said a "high calibre" team of restructuring and financing professionals had been assembled to ensure that noteholders and the Mission ...

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... ongoing efforts to ensure the integrity of public markets critical to our financial system." According to admissions and court documents, numerous traders and personal on J.P. Morgan's precious metals trading desk in New York, London and Singapore ...

ASIC wealth director nabs promotion

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... with the Commonwealth Treasury. Bird started off her career as an associated to the Honorary Michael McHugh, of the High Court of Australia, who served from 1989 to 2005. She worked with McHugh as an associate for one year in 1990. After this, she worked ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
... relevant products and reported all relevant historical transactions," King said. "This agreement is an important step in the court process. It provides more certainty to all our stakeholders as we continue to implement the measures in our response plan ...

Former analyst gets three year sentence

KANIKA SOOD  |  MONDAY, 14 SEP 2020
... breached the firm's Code of Ethics. As a result, Mr Ho immediately left the firm." "Maple-Brown Abbott seeks to uphold very high standards which are reflected in its Code of Ethics, and takes an extremely serious view of any breach of those standards. ...

Fund manager charged with fraud

ALLY SELBY  |  FRIDAY, 4 SEP 2020
... anti-fraud provisions, with the regulator seeking both a permanent injunction and civil penalties in the federal district court in New York. Simultaneously, the US Attorney's Office for the Southern District of New York has announced it is pursuing criminal ...