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Showing 191 - 200 of 803 results for "Judge"

US Fed indicates several more half-percentage rate rises

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
At the latest Federal Reserve meeting most participants agreed that 50 basis point increases would likely be implemented in the coming months. As has been the case in prior meetings participants again agreed that the economic outlook was highly uncertain. ...

Former adviser sentenced over dishonesty

JAMIE WILLIAMSON  |  TUESDAY, 17 MAY 2022
... during a hearing with an ASIC delegate. He also knowingly gave false testimony in that hearing, ASIC said. When sentenced, Judge McGrath stated that Nesseim had "weaved a tangled web; and ultimately entangled himself in his own falsehoods". "Had he admitted ...

Mayfair sues Mission Beach lender

ELIZABETH MCARTHUR  |  THURSDAY, 14 APR 2022
... years after Justice Anderson found Mawhinney had been "involved in multiple contraventions" of financial services law. The judge described Mawhinney's conduct as "serious, incompetent and reckless and displaying a propensity for conduct in disregard ...

Mawhinney appeals 20-year ban

ELIZABETH MCARTHUR  |  MONDAY, 11 APR 2022
... years after Justice Anderson found Mawhinney had been "involved in multiple contraventions" of financial services law. The judge described Mawhinney's conduct as "serious, incompetent and reckless and displaying a propensity for conduct in disregard ...

BT Funds Management fined $20m

JAMIE WILLIAMSON  |  FRIDAY, 8 APR 2022
BT Funds Management has been handed a $20 million fine by the Federal Court for continuing to charge commission payments to superannuation members for seven years after they were banned. BT Funds Management charged insurance premiums that included commissions ...

Super fund restructures, adds new roles

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
An industry superannuation fund is consolidating its member service and marketing functions in a restructure that sees the addition of some new roles and the departure of a longstanding executive. Legalsuper is integrating member service and marketing ...

Mixed reviews for advice industry reviewer

KARREN VERGARA  |  MONDAY, 14 MAR 2022
Lawyer Michelle Levy's appointment in overseeing the Quality of Advice Review has received a mixed reception from the financial advice industry. The Association of Independently Owned Financial Professionals executive director Peter Johnston called ...

Advisers call out regulation backflip

KARREN VERGARA  |  FRIDAY, 4 MAR 2022
Financial advisers are calling out the federal government's regulatory backflip, which floated the idea that the industry can operate under a principles-based regime. Synchron general manager of compliance Phil Osborne said the proposed framework put ...

Federal Court fines Mayfair $30m

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
James Mawhinney's Mayfair 101 Group has been ordered to pay a combined penalty of $30 million for misleading advertising. In handing down the decision, Justice Anderson said the increased penalties were appropriate, noting that those sought by ASIC ...

ASIC sets out limited advice expectations

KARREN VERGARA  |  THURSDAY, 2 DEC 2021
ASIC has provided a roadmap for financial advisers to ensure that they do not breach their limited advice obligations. The corporate regulator has spelled out how not to breach limited advice regulation in the new information sheet INFO 267: Tips for ...