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Showing 171 - 180 of 803 results for "Judge"

CPI rises despite Fed rate hikes

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
The US Consumer Price Index (CPI) rose 0.4% in September, up 8.2% over the last year. Increases in the shelter, food, and medical care indexes were the largest of many contributors to the monthly seasonally adjusted all items increase. Though, these ...

Mayfair 101 bids for High Court appeal

JAMIE WILLIAMSON  |  THURSDAY, 13 OCT 2022
... lacked procedural fairness as ASIC didn't seek certain findings of contraventions which were later relied on by the presiding judge. A retrial was ordered and, at the time, Mawhinney said he would work to contest the case in the High Court rather than ...

ASIC dishes out permanent ban to 'lifestyle' adviser

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2022
A former Dover and Interprac financial adviser who was found to be unfit to operate in the industry in any capacity was permanently banned by the regulator. ASIC said James Carlos Reynolds purported to offer 'lifestyle' financial advice as sole director ...

Court dismisses Mayfair 101 appeal

JAMIE WILLIAMSON  |  TUESDAY, 11 OCT 2022
... the Court issued penalties amounting to $30 million. In addressing the appeal of the misleading or deceptive conduct, the judge said: "The anodyne reference that the Mayfair products "like all investments" had associated risks, and the generalised reference ...

Court dismisses CBA, CFS conflicted remuneration case

JAMIE WILLIAMSON  |  THURSDAY, 29 SEP 2022
The Federal Court dismissed ASIC's case against Commonwealth Bank and Colonial First State in relation to the distribution of Essential Super. CBA staff signed up over 390,000 people to CFS's Essential Super between July 2013 and June 2019. ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... Life were knowingly concerned in those contraventions. While the conduct was not deliberate, it was extremely serious," the judge said. "AMP was aware it was charging fees for no service to these members but did not take the proper steps to prevent it ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... representatives. Six representatives committed the contraventions over a period spanning some three and a half years," the judge said. The total penalty applied was $10.38 million but Dixon Advisory was given a 30% discount for its cooperation and will ...

Mawhinney ban overturned, to face retrial

JAMIE WILLIAMSON  |  THURSDAY, 15 SEP 2022
... fairness as the regulator didn't seek certain findings of contraventions which were later relied on by the presiding judge in handing down the ban. Mawhinney has also been awarded indemnity costs as a result. A retrial has been ordered and interim ...

AFA award finalists named

CHLOE WALKER  |  TUESDAY, 13 SEP 2022
... individuals and the broader community." AFA chief executive Phil Anderson agreed that it is an honour to participate as a judge in the award process this year. "The AFA and Zurich have supported this award for nearly 20 years, helping showcase outstanding ...

BFID no hindrance to helping vulnerable members: Panel

CHLOE WALKER  |  WEDNESDAY, 7 SEP 2022
More needs to be done to protect the super sector's most vulnerable members, with the Conference for Major Super Funds being told that doing so would be a breach of the best financial interest duty is a myth. AIST senior manager, policy David Haynes ...