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Showing 251 - 260 of 2512 results for "Court"

Zurich fined over false and misleading statements

MATTHEW WAI  |  MONDAY, 19 MAY 2025
Zurich Australia has paid two infringement notices totalling $37,560 issued by the Australian Securities and Investments Commission (ASIC) over alleged false and misleading statements to two policyholders. In May 2024, Zurich declined two trauma insurance ...

Former adviser accused of theft loses lengthy extradition fight

JAMIE WILLIAMSON  |  FRIDAY, 16 MAY 2025
... reportedly claiming her ability to continue working in New Zealand would be jeopardised otherwise. In 2021 the District Court determined she could be extradited, which Pearson then unsuccessfully attempted to appeal in the High Court. A further two subsequent ...

NAB MySuper class action settlement approved

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
The Federal Court approved the $65 million settlement that was reached in December. At the end of 2024, MLC Super Fund, NULIS Nominees and MLC Nominees agreed to settle the class action that was brought against it for deferring the transition of members ...

Macquarie raked over the coals again by ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 MAY 2025
... supposedly misreporting millions of trades over 14 years. ASIC lodged proceedings against Macquarie Securities in the NSW Supreme Court, claiming that, between December 2009 and February 2024, it failed to correctly report at least 73 million short sales. ...

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. ...