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Showing 1 - 10 of 2243 results for "Court"

ASIC freezes assets Shield, First Guardian marketer

KARREN VERGARA  |  WEDNESDAY, 19 MAR 2025
... development pipeline of five-star resorts worth $1 billion in places such as Port Douglas, Fiji, and Venice. ASIC said the "court made the orders with Alshakshir's consent" and the "orders are in place until further order." On January 20, ASIC sought ...

Active Super fined $10.5m for greenwashing

KARREN VERGARA  |  TUESDAY, 18 MAR 2025
... credentials purported to eliminate investments in Russian companies and others involved in mining and tobacco, the Federal Court determined this morning. Justice O'Callaghan said it is not disputed that the super fund's "contraventions were serious" ...

Falcon Capital, First Guardian Master Fund set for liquidation

KARREN VERGARA  |  TUESDAY, 18 MAR 2025
... manager to director David Anderson's personal property. The regulator has put into motion the applications to the Federal Court while it continues to investigate allegations against the parties that allegedly failed to manage conflicts of interest. ...

Mercer adds to wealth team

ELIZABETH FRY  |  THURSDAY, 13 MAR 2025
... Morgan spent four years at Mercer in Australia as the head of institutional sales and strategy. Separately, FIIG will face court over allegations of longstanding cybersecurity failures which saw the private data of more than 18,000 clients stolen and ...

BUSSQ abandons appeal, concedes to licence conditions

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
BUSSQ has pulled the plug on its Federal Court appeal for a judicial review of APRA's additional licence conditions, caving to the regulator's edict. At the same time, APRA has tweaked the conditions it slapped on BUSSQ last August, which force ...

ASIC slaps FIIG Securities with lawsuit

JAMIE WILLIAMSON  |  THURSDAY, 13 MAR 2025
FIIG Securities will face court over allegations of longstanding cybersecurity failures which saw the private data of more than 18,000 clients stolen and released on the dark web. According to ASIC, FIIG failed to have adequate cyber risk management ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
... death benefit claims, with some beneficiaries left waiting four years for a payout. The regulator has commenced federal court proceedings against AustralianSuper, alleging the fund failed to process death benefit claims efficiently, honestly and fairly ...

IAM mandate grows to $130m

KARREN VERGARA  |  MONDAY, 10 MAR 2025
... Separately, BGC Partners Australia, trading as Fixed Income Solutions, has taken subsidiary IAM Capital Markets to the NSW Supreme Court alleging that its former staffers breached the restraints of trade provisions of their employment contracts. "IAM ...

Freezing order slapped on First Guardian Master Fund, Falcon Capital

KARREN VERGARA  |  MONDAY, 3 MAR 2025
... orders to freeze the assets of David Anderson, who is the director of Falcon, as it continues its investigation. The Federal Court has stopped Falcon and Anderson from removing their property, including the property of First Guardian, from Australia. ...

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
... Andrew Bragg, reading from the judgement that was recently handed down against AustralianSuper, asked ASIC commissioner Sarah Court about the communications. "You obtained internal communications that read, 'It benefits the member by stopping the $1.50 ...
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