Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 191 - 200 of 683 results for "Proceedings"

ASIC commences proceedings over failure to comply

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
A local subsidiary of TPP Global Investments is the target of ASIC's latest court action. The regulator commenced Federal Court action against Provide Nominees, which trades as Provide Capital, seeking the court's intervention under s70 of the ASIC ...

DASS clients pushed to accept paltry recoupment

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
... findings in relation to claims of Dixon Advisory clients and because of the costs associated with defending civil proceedings against the company regarding the US Masters Residential Property Fund (URF). In September, Dixon Advisory was made to pay $7 ...

ASIC case against Commonwealth Bank dismissed

CASSANDRA BALDINI  |  WEDNESDAY, 30 NOV 2022
The Federal Court has dismissed proceedings brought by ASIC against the Commonwealth Bank of Australia (CBA) over fees. The court dropped allegations that the bank engaged in misleading or deceptive conduct, made false or misleading representations ...

ASIC sues crypto fintech over unlicensed advice

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... to court for providing unlicensed financial advice on crypto-asset products. The regulator commenced civil penalty proceedings in Federal Court against Block Earner, an authorised representative of Flash Partners and AUSTRAC-registered digital currency ...

ASIC suspends FTX Australia's licence

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
... Trading, West Real Shires Services (trading as FTX US) and other affiliated companies have also commenced voluntary proceedings under Chapter 11 of the US Bankruptcy Code. FTX Trading became the ultimate holding company of FTX Australia on 23 September ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... "Taking on the big banks was never going to be easy but we are pleased that we have been able to resolve these group proceedings and that eligible customers will benefit," Slater and Gordon class actions senior associate Alex Blennerhassett said. "Class ...

ASIC appeals CFS, CBA decision

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... online. This went on between 2013 and 2019, with close to 400,000 customers signed up. However, the court dismissed the proceedings last month saying the conduct did not constitute benefits under the definition of 'conflicted remuneration'. At the time ...

CommSec, AUSIEX to pay $27m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... and trading participants fail to comply." Commonwealth Bank acknowledged the decision, saying it did not defend the proceedings. "We have strengthened our systems and procedures to address these errors. We will implement a Compliance Programme as agreed ...

ASIC sues BPS Financial over crypto claims

CASSANDRA BALDINI  |  TUESDAY, 25 OCT 2022
ASIC has commenced civil penalty proceedings in the Federal Court against BPS Financial (BPS). The regulator alleged BPS made false, misleading, or deceptive representations and engaged in unlicensed conduct in relation to a non-cash payment facility ...

James Mawhinney sues ASIC, deputy chair

JAMIE WILLIAMSON  |  TUESDAY, 18 OCT 2022
... was defamed by the regulator and deputy chair Sarah Court in a recent press release. Mawhinney has filed defamation proceedings against ASIC and Court in the Federal Court over information included in a September 15 press release in relation to Mawhinney's ...