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Showing 381 - 390 of 2513 results for "Court"

Former AMP advice lead sues The Australian

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
... the Hayne Royal Commission into banking and financial services. According to the Statement of Claim - filed in the Federal Court and seen by Financial Standard - Regan claims the article implied he had personally admitted to misleading ASIC over charging ...

Ascot Securities hit with infringement notice for 'serious failures'

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
... significant deficiencies in Ascot's compliance with these requirements over a significant period," ASIC deputy chair Sarah Court said. The MDP deemed Ascot's entry of and failure to report suspicious orders as serious, attributing it to a broader failure ...

Court freezes assets of Keystone AM managed fund

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
The Australian Securities and Investments Commission (ASIC) has obtained interim orders from the Federal Court to freeze the assets of the Shield Master Fund (Shield), a registered managed fund overseen by Keystone Asset Management. ASIC said it sought ...

ASIC appeals judge's call to not penalise Block Earner

JAMIE WILLIAMSON  |  TUESDAY, 18 JUN 2024
ASIC is appealing the Federal Court's recent decision to not issue a penalty to Block Earner after it was found to have provided unlicensed financial services. In November 2022, ASIC commenced civil penalty proceedings against Block Earner, which offered ...

Advisers call for apology from Super Members Council

JAMIE WILLIAMSON  |  FRIDAY, 14 JUN 2024
The Financial Advice Association Australia and members say the super lobby group should formally apologise for its recent remarks about "dodgy financial advisers." Earlier this week, the Super Members Council (SMC) renewed calls for anti-hawking legislation ...

Keybridge Capital cops another loss against WAM

ELIZA BAVIN  |  FRIDAY, 7 JUN 2024
The Federal Court has denied Keybridge Capital's appeal against Wilson Asset Management (WAM) and ordered them to pay costs in a court battle that has been dragging out for four years. In June 2020, Keybridge launched legal proceedings against WAM alleging ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024
... investments that posed a risk to the environment and the community, including gambling, coal mining, and oil tar sands. Court documents showed that Active Super said it wouldn't invest in companies deriving more than 10% of their revenue from gambling. ...

EQT updates on Australian Executor Trustees acquisition

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... million per annum run rate in FY25, capital release of $10 million expected by the end of the calendar year contingent on court approval and within the implementation budget of $22 million," it said in an announcement. EQT confirmed it would be acquiring ...

Block Earner dodges massive fine

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
The Federal Court has absolved Block Earner from paying a penalty for trading without a financial services licence, which ASIC believes should have been $350,000. While Judge Jackman determined that while Block Earner, which invested in cryptocurrency ...

Broken promises leave survivors in the lurch

ANDREW MCKEAN  |  TUESDAY, 4 JUN 2024
... victims sought compensation for the pain and suffering endured from the abuse inflicted upon him when he was a teenager. The Court found the victim was a "happy and well-adjusted" young man before the abuse, and a psychiatrist said they reported "significant ...