Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 371 - 380 of 2456 results for "Court"

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
Following a brief reprieve, the number of class actions targeting the financial services sector escalated significantly in 2023. According to a report from Allens, the banking and financial services sector was the second biggest target for class actions ...

Third person pleads guilty in Courtenay House Ponzi scheme

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
... to operating the Ponzi scheme. The sentencing hearing for Iervasi will take place on April 22 and April 24 in the Supreme Court of NSW. Following his guilty plea, Sipina was committed to the Sydney District Court for sentencing. His first appearance ...

ASIC ends legal battle: Provide Capital's appeal quashed

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
The Federal Court has dismissed an appeal by Provide Capital; it must now comply with a notice issued by ASIC to produce documents and pay the regulator's legal costs. ASIC had previously served a notice on Provide Capital to produce documents as part ...

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... settlement in which the liquidators abandoned all claims against Mawhinney and his companies. It was approved by the Supreme Court of Victoria in November of that year, but its terms remained confidential as part of a silencing order placed on Mawhinney. ...

Court dismisses ASIC lawsuit against Finder

KARREN VERGARA  |  FRIDAY, 15 MAR 2024
ASIC's action against Finder Wallet has fallen flat as the Federal Court rejected allegations it was spruiking a financial product related to cryptocurrency. Justice Markovic yesterday dismissed ASIC's case against Finder.com's Finder Wallet and its ...

ATO refers SMSF auditors to ASIC

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
... auditors who had conditions imposed has applied to the Administrative Appeals Tribunal for a review. ASIC deputy chair Sarah Court said independence is fundamental in protecting the integrity of the SMSF industry. "SMSF auditors should carefully consider ...

ASIC succeeds in conflicted remuneration case

KARREN VERGARA  |  MONDAY, 4 MAR 2024
ASIC has succeeded in its case against RM Capital, which the court found failed to take reasonable steps to prevent its authorised representative accepting conflicted remuneration. On the February 29, the Federal Court found that RM Capital's authorised ...

Best default super funds revealed

ANDREW MCKEAN  |  MONDAY, 4 MAR 2024
... behind at 7.8%. Looking at a 10-year performance period, Active Super achieved the highest returns at 8.5%, even amid Federal Court proceedings from ASIC over allegations of greenwashing. Aware Super's High Growth strategy and Hostplus' Balanced ...

Count completes Diverger acquisition

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... services." Count paid $1.3651 for every Diverger share following a 99.97% approval from shareholders in January. The Federal Court approved the deal on February 15. Count expects to incur $8 million in one-off transaction and integration costs. This ...

ASIC takes further action on Prospero

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... alleges the amount of money laundered between 2020-2023 was $228,883,561." Consequently, ASIC has applied to the Federal Court to wind up Prospero Markets "on just and equitable grounds", shortly after its AFS Licence was suspended in December 2023 for ...