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Showing 11 - 20 of 106 results for "Federal Court of Australia"

Piper Alderman investigates second CFD class action

CHLOE WALKER  |  WEDNESDAY, 25 OCT 2023
... millions. While CFDs are legal in Australia, they have been banned in many other countries, with the Federal Court of Australia describing these products as "financial heroin hits". In March 2021, ASIC imposed strict new conditions on CFDs after reviews ...

Class action commenced against IG Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... that the company marketed and facilitated the trading of complex CFDs to inexperienced investors. "The Federal Court of Australia has described these products as "financial heroin hits" in the hands of unsophisticated retail investors," the two firms ...

Former Dover adviser banned

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
... Dover Financial Advisers and its founder Terry McMaster to pay over $1.4 million in penalties by the Federal Court of Australia.

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... to common fund orders. Meanwhile, recommendation 11, 12, 13 and 16 refer to giving more power to the Federal Court of Australia to reject, vary of amend the terms of any litigation funding agreement and for the Court to appoint a referee to act as a ...

James Mawhinney files appeal

ELIZABETH MCARTHUR  |  TUESDAY, 15 JUN 2021
... to financial products. Mawhinney has retained Roberts Gray Lawyers and has lodged an appeal with the Federal Court of Australia, claiming that he was denied procedural fairness as ASIC took action against Mayfair. "The Federal Court made decisions within ...

Dover, McMaster hit with $1.4m penalty

KARREN VERGARA  |  FRIDAY, 5 MAR 2021
... Advisers and its founder Terry McMaster have been ordered to pay over $1.4 million in penalties by the Federal Court of Australia. Justice O'Bryan imposed a $1.2 million penalty on the defunct financial advice firm based on 19,402 contraventions ...

AIA progresses with acquisition

ANNABELLE DICKSON  |  TUESDAY, 19 JAN 2021
... do business with their insurer. The transfer will be the last step in the acquisition following the Federal Court of Australia's consideration of the scheme at a hearing in March 2021. In September last year, Commonwealth Bank (CBA) received a payment ...

ASIC cancels stockbroker AFSL

ANNABELLE DICKSON  |  WEDNESDAY, 13 JAN 2021
... liquidation and the administrators were appointed as liquidators. According to KPMG, a joint hearing of the Federal Court of Australia and the High Court of New Zealand in respect to the distribution of client funds wrapped up on December 9, with the ...

AAT refuses Allegra AFSL

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... of ASIC's licensing assessment," Press said. Allegra has 28 days to appeal the AAT's decision to the Federal Court of Australia on a question of law.

Fake tax agent penalised

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
The Federal Court of Australia has fined a woman $40,000 for providing illegitimate tax agent services for four years. Arlene Caolboy was fined $40,000 after she was found to have provided tax agent services to 350 taxpayers over the last four years ...