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Showing 201 - 210 of 685 results for "Proceedings"

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 ...

Link acquisition deal terminated

ANDREW MCKEAN  |  MONDAY, 26 SEP 2022
... and the UK Financial Conduct Authority condition, the Court declined to make orders approving the deal and dismissed proceedings. As a result, the proposed acquisition which Link shareholders approved in August won't proceed. Albeit harbouring disappointment ...

Unlicensed forex trader extradited from Poland

CHLOE WALKER  |  FRIDAY, 19 AUG 2022
... Trade by investors had come from investors' self-managed superannuation accounts, ASIC has alleged. Amid ongoing civil proceedings commenced by ASIC against him and during an ongoing ASIC investigation into his conduct, Ali fled to Poland on 8 May 2018. ...

Contact AFCA now: ASIC urges Dixon Advisory clients

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
... Administrators were appointed to Dixon Advisory on January 19, close to two years after ASIC launched civil penalty proceedings against the group for alleged conflicts, best interest failures, and inappropriate advice. A hearing on liability and penalty ...

Zipmex files for debt relief amid ongoing crypto crash

CASSANDRA BALDINI  |  FRIDAY, 29 JUL 2022
... Exchange Indonesia. "We are seeking global moratoriums to prohibit and restrain the commencement or continuation of proceedings against the companies for a period of up to six months," said a company issued statement. "Moratoriums would give the Zipmex ...

ASIC takes Lanterne Fund Services to court

ANDREW MCKEAN  |  THURSDAY, 7 JUL 2022
ASIC has issued civil penalty proceedings against wholesale licensee Lanterne Fund Services, saying it operated with almost no compliance staff or risk management processes. The regulator alleges that Lanterne has on multiple occasions failed to meet ...

ASIC takes Mercer Financial Advice to court

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... impacted included members of GESB and Alcoa of Australia Retirement Plan. ASIC deputy chair Sarah Court said: "These proceedings are another example of a large financial institution charging fees to customers that we allege it was not entitled to charge ...

ACCC on financial services priorities

CASSANDRA BALDINI  |  WEDNESDAY, 1 JUN 2022
... far this year, more than $100 million has been reported lost to crypto investment scams. "This year we instituted proceedings against Facebook's parent company, Meta, for publishing scam advertisements promoting cryptocurrency and other money-making ...

ANZ sued by ASIC

CASSANDRA BALDINI  |  MONDAY, 30 MAY 2022
ANZ has acknowledged the civil penalty proceedings launched against it in Federal Court by ASIC for allegedly misleading and overcharging thousands of customers. The corporate watchdog today alleged that between May 2016 and November 2016 around 165,750 ...