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Showing 171 - 180 of 402 results for "Justice"

Aon, Willis Towers Watson terminate merger

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... was a mutual agreement - though the decision was forced by lack of regulatory approval in the US. The US Department of Justice had been opposed to the merger, and Aon chief executive Greg Case said the company eventually met an impasse with the regulator. ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
... As part of its determination, the court ordered BT and Asgard to publish an Adverse Publicity Order on their websites. Justice Wheelahan found that the firms benefited from their automated and offshore processes and systems provided by Genpact Australia. ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
... out of superannuation trusts. They also claim the beneficiaries suffered no actionable loss. On June 18, orders made by Justice Beach ordered the applicants to add a third applicant to the case, flesh out the applicants' fiduciary claims, and change ...

Forex CT cops $20 million fine

ANNABELLE DICKSON  |  WEDNESDAY, 2 JUN 2021
... executive, responsible manager and sole director Shlomo Yoshai has also been ordered to pay a $400,000 fine. His Honour Justice Middleton found that Forex CT had "systemic compliance deficiencies" and a culture of non-compliance and said that "the vast ...

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
... sought to permanently restrain Mawhinney from operating in financial services for at least a period of 20 years. The judge, Justice Anderson, slammed Mawhinney's conduct as managing director of Mayfair 101. "Mr Mawhinney's conduct can accurately be described ...

Bernie Madoff dies in prison

ELIZABETH MCARTHUR  |  THURSDAY, 15 APR 2021
The architect of the largest Ponzi scheme in US history has died in prison aged 82. Bernie Madoff had been serving his sentence at FMC Butner, an administrative security federal medical centre for male offenders located in North Carolina, at the time ...

CBA to pay $7m for overcharged interest

ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
... hearing, CBA said an appropriate penalty was between $4 million and $5 million yet ASIC submitted a penalty of $7 million. Justice Lee rejected the submission that CBA tried to quickly remedy the error and found the delay "particularly troubling". As ...

Mayfair found to have misled

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
... party and not secured, used to pay deposits on properties and used to purchase assets that were not secured. The judge, Justice Anderson, found the term deposit representation was: "Misleading or deceptive and created a false and misleading impression ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... advised into Mayfair products through licensees that are AFCA members. But he acknowledged there is still an access to justice problem for consumers - one that can probably only be solved by the compensation scheme of last resort coming into effect. ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... "Scrapping safe lending will land many people with large debts they can't afford and take away their ability to receive justice. "This contradicts the very first recommendation of the Banking Royal Commission - to leave safe lending laws intact."