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Showing 171 - 180 of 957 results for "Federal Court"

DG Institute to pay near $20m for misleading courses

MATTHEW WAI  |  WEDNESDAY, 24 JUL 2024
The Federal Court has ordered Master Wealth Control, also known as DG Institute, to pay $5 million in fines for "making false and misleading representations" to customers in relation to its educational programs, Real Estate Rescue (PER) and Master Wealth ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... issues. "This misalignment threatened the viability of the group." Last month, ASIC obtained interim orders from the Federal Court to freeze the assets of the Shield Master Fund, a registered managed fund overseen by Keystone Asset Management. ASIC said ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... highly critical of how ASIC has handled the Dixon matter. In 2021, ASIC settled to fine Dixon of $7.2 million in the Federal Court and did not pursue any other criminal matters. The fine has yet to be paid. Bragg told Parliament last year: "There's ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
ASIC won its first Federal Court action in relation to breaches of design and distribution provisions against non-bank lender and investment manager Firstmac over a cross-selling strategy for investment products. The Federal Court found yesterday that ...

DigitalX to launch Bitcoin ETF on ASX

ANDREW MCKEAN  |  TUESDAY, 9 JUL 2024
... Bitcoin supply. Separately, DigitalX requested a trading halt on its shares today, pending an announcement about the Federal Court's decision on its summary judgement application in a case that involves former director Alex Karis.

Former director disqualified for breaching obligations

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... unauthorised purposes to the detriment of the company and investees, ASIC said. Finally, he breached undertakings to the Federal Court in relation to the property of O'Corp Media, the regulator said. During this time, Clickthru has been known by a raft ...

Family office buys into WNBL potential

JAMIE WILLIAMSON  |  TUESDAY, 2 JUL 2024
... Bishop's firm. Denholm's Wollemi Capital Group has since lodged a notice to appeal the IP Australia decision in the Federal Court.

ASIC freezes assets of Melbourne based licensee

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
The Australian Securities and Investments Commission (ASIC) has obtained interim orders from the Federal Court freezing the assets of financial advice licensee United Global Capital and related property investment company Global Capital Property Fund ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... an annuity policy that is deemed unfair or unreasonable. AFCA's remit has now been expanded on the back of a Federal Court ruling in a MetLife case whereby the super complaint did not meet the definitions of section 1053 and thus was outside of AFCA's ...

Former AMP advice lead sues The Australian

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
... the Hayne Royal Commission into banking and financial services. According to the Statement of Claim - filed in the Federal Court and seen by Financial Standard - Regan claims the article implied he had personally admitted to misleading ASIC over charging ...