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

Search Results

Showing 201 - 210 of 409 results for "Justice"

Federal Court freezes investment scam, winds up SMSF operator

ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
... corporate purpose. Naseeruddin is accused of replicating the same business model for Acquila Group, where he was a director. Justice Derrington said: "That is to say that, whilst Mr Naseeruddin and Aquila Group received funds from investors for investing ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
... Markets and Ozifin. AGM was ordered to pay $35 million, while OTM and Ozfin have each been ordered to pay $20 million. Justice Beach handed down the penalty following the February 2020 decision that AGM, OTM and Ozifin had engaged in "systemic unconscionable ...

Westpac puts Australia on bad banking leaderboard

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
... with convicted pedophile Jeffrey Epstein. Canada's Scotiabank reached settlement agreements with the US Department of Justice and the Commodity Futures Trading Commission over charges of metals market manipulation.

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... forced to cough up more than $1.3 billion (US$920 million) after entering into an agreement with the US Department of Justice, the US Commodity Futures Trading Commission and the US Securities and Exchange Commission. The agreements with the three government ...

J.P. Morgan set to cough up US$1bn

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... reported by Bloomberg, the settlement - which could come as soon as this week - would squash investigations by the US Justice Department, the Commodity Futures Trading Commission and the Securities and Exchange Commission into whether traders rigged ...

Adviser demands answers from Media Super

ELIZABETH MCARTHUR  |  TUESDAY, 8 SEP 2020
... worried about his client. The client has been diagnosed with post-traumatic stress disorder (PTSD) and lost her job with the justice system as a direct result of her PTSD. Media Super has already granted the woman access to her roughly $80,000 in retirement ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... market, he argued. "Less funding will increase the proportion that funders will charge, and there will be less access to justice because of a more limited number of funders," Morabito said. "I commend the government for wanting to protect the interests ...

Judgement delivered in binary options fraud

ALLY SELBY  |  FRIDAY, 19 JUN 2020
... deliberately misled and deceived Australian customers by making misleading statements and conducting itself dishonestly. Justice Davies described One Tech Media's conduct as "systemic and deliberate, targeting and exploiting vulnerable people, causing ...

Rest climate change trial delayed

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
... could set a precedent for super funds. The case will question what trustee duties apply when it comes to climate change. Justice Nye Perram is overseeing the case, which is still in the discovery phase. Rest has to provide documents to McVeigh in relation ...

CBA coughs up $5m over RC case study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... and encouraged other regulated entities to make admissions over failures to avoid heftier penalties. "As recognised by Justice Beach in his judgment, CBA took steps to address the harm that the conduct caused and, importantly, made admissions as to its ...