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Showing 181 - 190 of 726 results for "Proceedings"

ASIC takes action on EverBlu, director

KARREN VERGARA  |  MONDAY, 18 DEC 2023
ASIC commenced civil penalty proceedings against Adam Blumenthal, the director of investment bank EverBlu Capital, for alleged market rigging and failing in his duties as a director to manage conflicts of interest. The case will also look at Blumenthal's ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... AMP Limited and subsidiaries, including AMP Services, NM Super, AMP Super, and AWM Services, were served with legal proceedings in the Supreme Court of New South Wales by Munich Re in April 2023. The proceedings regard the manner in which both Munich ...

Caddick SMSF clients should recoup all funds: Lawyer

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... auditors." "But it is applying sunlight to an area in which there has been significant concerns in recent times." The proceedings started in September, while limited procedural steps have taken place. The case management hearing has been adjourned to ...

ASIC curbs high-risk offers from online trading providers

ANDREW MCKEAN  |  WEDNESDAY, 6 DEC 2023
... significant harm, we will continue to take strong regulatory action including, where appropriate, commencing court proceedings." For example, in a case concerning high-risk offers, ASIC discovered a provider intending to initiate a retail securities ...

E&P chief exits early

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... the direction of the board, including assistance with finalising the conditional settlement of the representative proceedings filed by Shine Lawyers, which was announced by the Company on 14 November 2023," E&P said. E&P settled the Shine-led class action ...

Perth Mint enters voluntary enforceable undertaking

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
... seeking court orders to enforce the EU or cancelling it and taking other action, including commencing civil penalty proceedings in the Federal Court. AUSTRAC believes the EU will ensure that Gold Corporation addresses the AML/CTF deficiencies through ...

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
... not consider clients' particular needs or entire financial circumstances. In addition to DASS, Shine brought the proceedings against E&P, former chief executive Alan Dixon and former director Christopher Brown, claiming that advisers recommended ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... statements made against Vanguard Investments Australia and Active Super. In July, ASIC brought forth civil penalty proceedings in the Federal Court against Vanguard. ASIC alleges that the investment manager issued "false and misleading statements", misrepresenting ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... hardship requests over a seven-year period. Westpac blames it on "technology failure". ASIC has commenced civil penalty proceedings in the Federal Court, alleging that it failed to respond to hardship notices within 21 days as required by law. The bank ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... strong member experience - and that includes our complaints handling process. This matter is now the subject of ASIC proceedings so we're unable to provide further details at this time." Complaints to a superannuation trustee can cover a range of ...