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Showing 321 - 330 of 3705 results for "Order"

Sequoia seeks Takeovers Panel intervention

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
The stoush over who should control Sequoia Financial Group takes another turn as chief executive Garry Crole and non-executive director Kevin Pattison call upon the Takeovers Panel to intervene in their potential ousting. Crole and Pattison, on behalf ...

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... resolved," she said. "Government should ensure current compliant financial advisers are not paying for historical failures. "In order to effectively manage the ongoing costs of the scheme, the government must ensure the groups that are responsible for ...

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... appeal will need to be given within 28 days of the court making final orders. The judgment is subject to a non-publication order until 15 May 2024 and prior to that Omni Bridgeway will not have access to it," Omni Bridgeway said. To fund the class action ...

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
ASIC has instigated "urgent proceedings" in the Federal Court against Brisbane financial adviser Sunny Prakash and his many associated companies. The corporate regulator is investigating Prakash and his "related companies" - Principal Financial Services ...

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... "this case highlighted the responsibility of all market users to pro-actively draw attention to potential rule breaches in order to maintain market integrity, and the importance of timely communication between regulators, market participants and clients ...

Litigation funder disputes AMP BOLR settlement

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... practices - about 135 - took part in the class action. Equity Financial Planners has now put forth a funding equalisation order to the court that "seeks to spread the cost of the funder's entitlements equally across all group members of the lawsuit. ...

Succession planning troubles family offices: J.P. Morgan

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... are seeing among many family offices, where greater portions of their allocations are able to take illiquidity risk, in order to achieve greater potential long-term returns," the report said. "Despite healthy allocations to alternatives, family offices ...

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
The Federal Court has ordered Macquarie Bank to pay a penalty of $10 million for failing to have effective controls to prevent and detect unauthorised fee transactions conducted by third parties, such as financial advisers, on customer cash management ...

Sequoia chair steps down

KARREN VERGARA  |  FRIDAY, 19 APR 2024
... that Mr McGowen has breached various warranties and provisions of the Share Purchase Deed and is seeking damages in the order of $3.5M," Sequoia said. An article in the AFR states that Sequoia refused to pay another 3.2 million shares to McGowen due ...

Adam Blumenthal ordered to pay $850k

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
The Federal Court has ordered former director of EverBlu Capital and Creso Pharma Adam Blumenthal to pay $850,000 and be disqualified from managing corporation for five years for market rigging and breaching director duties. The court found Blumenthal ...