Search Results | Showing 11 - 20 of 447 results for %22High Court of Australia%22 |
| | ... June 2020 through to early 2022, Lee and Chunga allegedly promoted HyperFund membership packages that guaranteed investors high returns. "As the complaint alleges, however, Lee and Chunga knew or were reckless in not knowing that HyperFund was a pyramid ... |
| | | ... interest, fees and expenses on top of a $14.2 million loan facility from the sale of properties ASIC deemed speculative and high risk. McGrathNicol is estimated to receive about $3.5 million in fees. "This means Mayfair's investment in Mission Beach ... |
| | | ... small size. 9) AMP restructures wealth management, chief exits (May 29) In restructuring its local wealth business, AMP made high-profile Australian Wealth Management (AWM) chief executive Scott Hartley redundant. Following the AMP Capital sales, it ... |
| | | ASIC has identified a trend among some online trading providers, presenting high-risk investment opportunities to retail investors, a shift emerging amid the fluctuating market conditions and the decline in retail trading activity post-pandemic. In ... |
| | | The Federal Court has imposed a $5 million penalty on OnePath Custodians for unlawfully deducting adviser service fees from members. According to court documents, the trustee made misleading representations about its right to continue charging fees ... |
| | | ... of disputes to AFCA," he noted. Locke concluded that AFCA continued to be a cheaper and more efficient alternative to a court process for both firms and consumers. |
| | | The government has kicked off its consultation on merger rules and processes to improve competition and productivity while lowering costs to ensure better outcomes for Aussies. According to the government's Merger Reform consultation paper, Australia's ... |
| | | ... against Vanguard Investments Australia and Active Super. In July, ASIC brought forth civil penalty proceedings in the Federal Court against Vanguard. ASIC alleges that the investment manager issued "false and misleading statements", misrepresenting its ... |
| | | ... hundreds of 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 ... |
| | | ... accounts into his personal accounts. Nugara convinced clients that he was developing properties from which "they would receive high returns on their investments after two to three years". In one example, 10 clients believed he invested $1,532,358 in ... |
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