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Showing 271 - 280 of 3703 results for "Order"

Former director sentenced for misappropriating investor funds

JAMIE WILLIAMSON  |  MONDAY, 9 SEP 2024
The former director of Reiwa-Capital has been sentenced to home detention after he was found guilty of misappropriating $440,000 of investors' funds, including gambling some of it. Russell Sandiford was sentenced to two years and eight months imprisonment ...

Federal Court approves AMP BOLR class action settlement

KARREN VERGARA  |  MONDAY, 9 SEP 2024
The Federal Court has approved the $100 million Buyer of Last Resort (BOLR) class action settlement despite some participants objecting to it, calling for a larger payout and making AMP accountable for its actions. Justice McElwaine approved the settlement ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
The Federal Court has appointed new receivers and administrators to Keystone Asset Management, as ASIC attempts to identify where more than $100 million of investors' money has gone. The Federal Court appointed Jason Tracy and Lucica Palaghia of ...

Melbourne adviser sentenced to 18 months' prison

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
... winding up of entities related to him, including Ostrava Equities, and that he was banned from providing financial services by order of the Federal Court. In sentencing Justice O'Connell remarked that Grimm was "well aware of his obligations" and that ...

abrdn closes hedge fund

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
... instruments. "We have determined that terminating the fund is appropriate and in the best interests of the fund's unitholders in order to avoid having to address the potentially high costs and inefficiencies associated with the ongoing management of ...

CFS reviews Ironbark mandate

KARREN VERGARA  |  TUESDAY, 3 SEP 2024
Colonial First State (CFS) is reviewing its mandate with Ironbark Asset Management, which recently decided to sever ties with Royal London Asset Management (RLAM), whose former investment team left to set up a new Pinnacle Investment Management affiliate. ...

End of the road for three Franklin Templeton funds

KARREN VERGARA  |  TUESDAY, 3 SEP 2024
Franklin Templeton has terminated two funds and is in the process of shuttering another as the strategies failed to scale assets under management (AUM). The funds are Martin Currie Diversified Income Fund, Martin Currie Tactical Allocation Fund, and ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
Former Courtenay House director Tony Iervasi has been sentenced to prison for 11 years, with a non-parole period of seven years, for his involvement in one of the nation's biggest Ponzi schemes. Between 13 December 2010 and 21 April 2017, Iervasi ...

CLSA penalised over data mistakes

MATTHEW WAI  |  FRIDAY, 30 AUG 2024
... Although the regulatory data failures are considered "inadvertent", resulting from a planned system change to CLSA's global order management system (Cobra), the MDP believes the changes made without appreciation for the global impact was a "serious oversight". ...

J.P. Morgan lands custody services mandate with industry fund

ANDREW MCKEAN  |  THURSDAY, 29 AUG 2024
... participants continue to partner with J.P. Morgan as we have the scale, global platforms, resources and ongoing investment in order to support their growth and evolving needs." As previously reported by Financial Standard, J.P. Morgan ranked first by ...