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Showing 341 - 350 of 727 results for "Proceedings"

Count Financial adds member firm

ANNABELLE DICKSON  |  WEDNESDAY, 23 SEP 2020
... continue delivering quality advice at a time when Australians need it more than ever," he said. It comes as class action proceedings were filed against Count Financial by Piper Alderman who alleges it did not ensure its financial advisers did not contravene ...

IPO Wealth ordered to wind up

ELIZA BAVIN  |  FRIDAY, 18 SEP 2020
... worked tirelessly to prevent the erosion of value that this process will result in." Mayfair said it was noted in the proceedings that a number of false and misleading statements were made about Mawhinney and the IPO Wealth Holdings group. "These statements ...

ASIC takes Linchpin, Endeavour directors to court

ELIZABETH MCARTHUR  |  TUESDAY, 15 SEP 2020
ASIC has commenced civil proceedings against current and former directors of Linchpin Capital and Endeavour Securities for alleged breaches of duties. The defendants in the proceedings are Ian Williams, Paul Raftery, Paul Neilson and Peter Daly. Williams ...

NAB fined over fees for no service

ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
... Federal Court of Australia has fined National Australia Bank $57.5 million over deceptive and misleading conduct. The proceedings commenced in 2018 and were initially brought by ASIC against NAB units NULIS and MLC Nominees for the charging of plan service ...

Interim insolvency protections extended

KARREN VERGARA  |  THURSDAY, 10 SEP 2020
... company, according to solvency management firm Worrells. Once a statutory demand expires, the creditor can commence court proceedings to wind up a company. "Under the temporary measures, the minimum debt to issue a statutory demand increased from $2,000 ...

ASIC can use RC evidence in RI Advice case

ELIZABETH MCARTHUR  |  WEDNESDAY, 9 SEP 2020
... alleged inappropriate advice uncovered as part of the Royal Commission is ongoing. Separately, ASIC recently commenced proceedings in the Federal Court against RI Advice for failing to have adequate cyber security systems.

ASIC drags Evans Dixon to court

KANIKA SOOD  |  FRIDAY, 4 SEP 2020
The corporate regulator started Federal Court proceedings against an Evans Dixon subsidiary over advice it provided, pushing down shares over 12% by noon. ASIC is alleging a Dixon Advisory representative failed to look after client's best interest ...

Fund manager charged with fraud

ALLY SELBY  |  FRIDAY, 4 SEP 2020
... hedge fund faces civil and criminal charges in the US, after it was found he abused his position in the bankruptcy proceedings of luxury retailer Neiman Marcus Group. The Securities and Exchange Commission has charged Daniel Kamensky with violating anti-fraud ...

Count Financial faces class action

ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
Class action proceedings have been filed against Count Financial, a former subsidiary of Commonwealth Bank of Australia after contravening its obligations under the Corporations Act. The proceedings filed by Piper Alderman in the Federal Court of Australia ...

ASIC drops CBA investigation

ALLY SELBY  |  THURSDAY, 27 AUG 2020
... the fresh allegations in a submission to the Federal Court. In June 2018, the Commonwealth bank settled the civil proceedings brought against it by AUSTRAC for $700 million, as well as AUSTRAC'S legal costs of $2.5 million - almost double what it had ...