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Showing 191 - 200 of 2448 results for "Court"

Ascent Investment mastermind cops 33 criminal charges

KARREN VERGARA  |  MONDAY, 12 MAY 2025
... behind a $149 million alleged Ponzi scheme, has been charged with 33 criminal offences. On May 9, the Perth Magistrates Court charged Dunjey, the director of Ascent Investment and Coaching, with 23 counts of fraud under section 409 of the Criminal Code ...

Former financial adviser charged in alleged $160k super fraud case

ANDREW MCKEAN  |  FRIDAY, 9 MAY 2025
... of dishonestly obtaining financial advantage by deception. He was granted conditional bail to appear at Blacktown Local Court on June 16. According to the Financial Advisers Register, Popal first provided financial advice in 2004 and was previously an ...

HCF Life fined $750k for misleading contract term

KARREN VERGARA  |  FRIDAY, 9 MAY 2025
HCF Life Insurance has been fined $750,000 by the Federal Court for misleading the public about a pre-existing condition term under its Recover products. Last October, the court ruled the term would deny coverage if a customer did not disclose a pre-existing ...

Licensees slash compliance spending: Survey

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
... of documents generated by AI. Also, the audio and full written transcripts that AI creates are discoverable by ASIC or a court and captured by various record-keeping laws," said Derham.

What Labor's second term means for regulators

KARREN VERGARA  |  TUESDAY, 6 MAY 2025
... according to ASIC. Meanwhile, APRA said it is "business as usual" regardless of which party won. ASIC deputy chair Sarah Court told the Australian Shareholders' Association Investor Conference this morning that a change in government is something ...

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
... cancellation comes as its wider operations unravel across several jurisdictions. The company's Australian entity was placed into court-ordered liquidation in February last year after ASIC investigations found a significant shortfall in client assets. ...

Federal Court hammers defunct advice firm with $11m penalty

ANDREW MCKEAN  |  MONDAY, 28 APR 2025
... self-managed super funds (SMSFs) and use those funds to purchase property through a related entity, Equiti Property. The Federal Court found that advice to 12 clients was "cookie cutter" and failed to consider their individual circumstances or objectives. ...

ASIC loses Block Earner case

KARREN VERGARA  |  WEDNESDAY, 23 APR 2025
The Federal Court has vindicated Block Earner by overturning a decision that it needed an AFSL to offer its Earner product and dismissing ASIC's appeal to impose penalties on the digital asset platform. Justices O'Callaghan, Abraham and Button ...

Shield Master Fund terminated, new receivers for Keystone Asset Management

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... and Michael Korda of KordaMentha were appointed as voluntary administrators of Keystone. On 5 September 2024, the Federal Court ordered to remove the prior administrators and have Jason Tracy and Lucica Palaghia from Deloitte appointed as the replacement ...

Falcon Capital, First Guardian fund to be wound up

MATTHEW WAI  |  FRIDAY, 11 APR 2025
... to freeze the assets of the First Guardian Master Fund and its responsible entity Falcon Capital last month, the Federal Court has ordered both the fund and the entity to be wound up. In response to a petition by ASIC, the court has appointed Ross Blakeley ...