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Showing 171 - 180 of 253 results for %22Victims%22

Macquarie and Storm victims settlement "wrong": Court

LAURA MILLAN  |  MONDAY, 12 AUG 2013
... determined that "a substantial wrong" occurred on May 2013 when a judged approved the settlement between Macquarie Bank and the victims of the Storm Financial fraud. The Court approved the request for appeal made by the Australian Securities and Investments ...

Victims push for new Trio fraud inquiry

LAURA MILLAN  |  FRIDAY, 9 AUG 2013
The Victims of Financial Fraud (VOFF) are pushing for another inquiry on the Trio Capital fraud after the Parliamentary Joint Committee (PJC) failed to address the victims' main issues of concern. VOFF spokesperson Paul Matters told Financial Standard ...

Pro bono advice on rise amid regulatory change

LAURA MILLAN  |  FRIDAY, 2 AUG 2013
... Service Best Practice Award in 2012 and the association started initiatives on pro bono work such as a program to support victims of natural disasters like floods and bushfires. "We refer people to our members for free advice on how to deal with the ...

Storm claim unfair and baseless: CBA

LAURA MILLAN  |  MONDAY, 15 JUL 2013
Commonwealth Bank (CBA) has strongly reacted to the news that Storm Financial victims' lawyer will start legal proceedings against the $136 million settlement that the bank reached with the Australian Securities and Investments Commission (ASIC) last ...

Storm lawyers take ASIC and CBA to court over settlement

LAURA MILLAN  |  FRIDAY, 12 JUL 2013
... Levitt Robinson has filed a case against both organisations and also charges ASIC with giving misleading advice to Storm victims. Principal Stewart Levitt told Financial Standard that victims of Storm Financial could get "much higher' compensation that ...

Opposition challenges Labor to review Trio fraud

JAMES FERNYHOUGH  |  WEDNESDAY, 3 JUL 2013
... Fletcher, Cormann called for Bowen to reconsider the Parliamentary Joint Committee's recommendation, saying a large number of victims had not been compensated. However, while Cormann expressed concern for these victims, he did not make a direct call ...

Two Storm victims to receive $1.1m in compensation

MARK SMITH  |  WEDNESDAY, 29 MAY 2013
BOQ, Senrac and Macquarie have agreed to pay $1,100,000 in compensation for losses made by former Storm investors Barry and Deanna Doyle. The figure was calculated by independent experts and Australian Securities and Investment Commission (ASIC) under ...

Ex-Lonsec MD convicted of insider trading

JAMES FERNYHOUGH  |  THURSDAY, 23 MAY 2013
... pleaded guilty, was convicted of both charges and fined $30,000. In sentencing Graham, the judge said, "There are clearly victims of insider trading. The market itself is a victim; any such offences result in the loss of confidence and the loss of the ...

PIPA suspends Money Choice director

JAMES FERNYHOUGH  |  MONDAY, 20 MAY 2013
... the government to take action?" The Banking and Finance Consumers Support Association (BFCSA) said it is representing 90 victims of Money Choice's dealings, including many pensioners, and has urged ASIC to further investigate banks which encourage "imprudent" ...

Opposition and VOFF criticise response to Trio report

LAURA MILLAN  |  MONDAY, 29 APR 2013
The opposition and the Victims of Financial Fraud (VOFF) have criticised the government's response to the reports by the Parliamentary Joint Committee and Richard St. John on the collapse of Trio Capital. Shadow minister for Financial Services and Superannuation ...