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Showing 11 - 20 of 72 results for "Storm Financial"

National Seniors asks Inquiry to deliver "top quality" advice

MARK SMITH  |  TUESDAY, 8 APR 2014
... consumer protections introduced by the former Labor government in response to recent corporate failures such as Storm Financial (2009), Trio (2009) and Banksia (2012)." "The system needs to acknowledge and reflect the shift to individual risk," National ...

AFA finds FoFA debate "surprising"

LAURA MILLAN  |  THURSDAY, 27 MAR 2014
... that advisers will no longer need to act in the clients' best interests, that amendments will lead to another Storm Financial-type collapse and that commissions are being reinstated for financial advisers. Fox asked for a return to "a facts-based discussion ...

FoFA changes go too far diluting conflicted rem: ISA

LAURA MILLAN  |  FRIDAY, 21 FEB 2014
... governments will put in place laws that protect consumers and do what is possible to prevent scandals such as Storm Financial." "While the FoFA laws won't prevent every further instance of financial scandal, diluting the laws will certainly increase ...

ASIC takes most action against small business owners

LAURA MILLAN  |  MONDAY, 3 FEB 2014
... procedures. The regulator highlighted "notable outcomes" such as the appeal against the $82.5 million settlement between Storm Financial victims and Macquarie Bank. ASIC also secured EUs with a number of high profile companies including NAB, UBS, Wealthsure ...

CBA could face legal action over Operation Lantern

LAURA MILLAN  |  WEDNESDAY, 30 OCT 2013
... information or leaking information to him from CBA." Levitt is the principal at Levitt Robinson Solicitors. As Storm Financial litigator, the solicitor filed a case against the financial settlement that CBA reached with the Australian Securities and ...

Shorten gives Ripoll shadow superannuation portfolio

JAMES FERNYHOUGH  |  MONDAY, 21 OCT 2013
... Chair of the Parliamentary Joint Committee on Corporations and Financial Services, a committee that reviewed the Storm Financial scandal and whose recommendations lead to the Future of Financial Advice reforms.

Court ruling on Storm, "a blow" to consumer action

LAURA MILLAN  |  TUESDAY, 13 AUG 2013
... Australian Securities and Investments Commission (ASIC) on the settlement between Macquarie Bank and the victims of Storm Financial is "a serious blow to direct consumer action," the litigator said. Levitt Robinson Solicitors, the firm representing the ...

Macquarie and Storm victims settlement "wrong": Court

LAURA MILLAN  |  MONDAY, 12 AUG 2013
... wrong" occurred on May 2013 when a judged approved the settlement between Macquarie Bank and the victims of the Storm Financial fraud. The Court approved the request for appeal made by the Australian Securities and Investments Commission (ASIC) after ...

Storm claim unfair and baseless: CBA

LAURA MILLAN  |  MONDAY, 15 JUL 2013
Commonwealth Bank (CBA) has strongly reacted to the news that Storm Financial victims' lawyer will start legal proceedings against the $136 million settlement that the bank reached with the Australian Securities and Investments Commission (ASIC) last ...

Storm lawyers take ASIC and CBA to court over settlement

LAURA MILLAN  |  FRIDAY, 12 JUL 2013
Storm Financial litigator Levitt Robinson Solicitors have questioned the $136 million settlement reached by the Australian Securities and Investments Commission (ASIC) and Commonwealth Bank last year. Levitt Robinson has filed a case against both organisations ...