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Showing 171 - 180 of 190 results for "Sarah Court"

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
... misappropriation of his clients' funds for his own benefit. He pleaded guilty to 15 dishonesty offences. ASIC deputy chair Sarah Court said: "Mr Hopkins misused Macquarie's systems by processing transactions using his fee authority to steal client funds." ...

Aware Super advice arm to pay $20m fine

CHLOE WALKER  |  FRIDAY, 18 FEB 2022
... of customers for financial services it had grounds to believe it would not be able to provide," ASIC deputy chair Sarah Court said. "As a result, over $50 million in fees was charged to customers who have nothing to show for it. Court said other providers ...

RI Advice slapped with $6m penalty

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... ultimately for his own benefit. The court also forced Doyle to pay an additional $80,000 in penalties. ASIC deputy chair Sarah Court said the complex products were not suitable for Doyle's clients, many of whom were approaching retirement. "RI Advice ...

Federal Court imposes $4m penalty on industry fund

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... communication to thousands of its members, telling them they had insurance cover when they did not," ASIC deputy chair Sarah Court said. "It also overcharged more than $2.5 million in insurance premiums to members who no longer held insurance as part ...

Federal Court fines Mayfair $30m

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... Mayfair Products". ASIC has pursued Mayfair since 2020 for misleading consumers in its advertising. ASIC deputy chair Sarah Court said this penalty makes clear that firms must do the right thing by their investors, irrespective of whether they are wholesale ...

OnePath Custodians sued over fees for no service

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
... their superannuation providers. ASIC's case alleges that OnePath failed to do so in this case," ASIC deputy chair Sarah Court said. According to court documents, ANZ has agreed to remediate or has already remediated those members that were impact ...

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... customers were entitled to receive the benefits they signed up for and in many instances paid for," ASIC deputy chair Sarah Court said. "This case is yet another example of a widespread system failure by a major bank impacting thousands of customers." ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... has filed multiple proceedings against one entity at the same time. Announcing the filings today, ASIC deputy chair Sarah Court said these were exceptional circumstances. "ASIC had numerous Westpac-related matters under investigation through the course ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
... when this was not allowed. ASIC also alleges that some of the documents provided were fraudulent. ASIC deputy chair Sarah Court said that ASIC is concerned that as a result of this conduct, some loans may have been granted by ANZ based on false information ...

Adviser jailed for illegal super access

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
... community work. Apogee revoked Saad's authority in October 2017 and reported his conduct to ASIC. ASIC deputy chair Sarah Court said: "The sentence imposed demonstrates the seriousness of this misconduct." "Facilitating the unlawful early release ...