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Showing 431 - 440 of 685 results for "Proceedings"

ASIC drags NSW adviser to court

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... life insurance commissions from illegitimate applications, will face the Federal Court this month. ASIC has commenced proceedings against Graeme Walter Miller and three related companies: CFS Private Wealth Pty Ltd, Combined Financial Solutions and BDM ...

Federal government responds to white collar crime Senate inquiry

KANIKA SOOD  |  MONDAY, 7 MAY 2018
... be set by a multiple of benefit gained or loss avoided, and lastly, to allow for disgorgement of profits in civil proceedings. However, it is waiting for the financial services Royal Commission's findings to act on three sets of recommendations: self-reporting ...

AMP becomes class action target

DARREN SNYDER  |  MONDAY, 30 APR 2018
IMF Bentham is the latest firm to finance proposed class action proceedings against AMP in light of evidence at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The litigation funding group said it ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... negotiating with banks MGP responds to Henderson's RC hearing 26 April: De Gori comes forward, Dover stays out The day's proceedings kicked off with Financial Planning Association of Australia (FPA) chief executive Dante De Gori fielding questions about ...

Adviser regulation lacking a professional body, RC hears

KARREN VERGARA  |  FRIDAY, 27 APR 2018
... media attention." The committee also feared terminating their memberships could result in lengthy and costly legal proceedings. Other options on the table were reprimand or no action taken. It followed through with the suspensions, meaning the two advisers ...

AMP kept unsuspecting clients in the dark: RC

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... contact the unsuspecting couple. The Commission also concealed the adviser's name - he was referred to as Mr E during proceedings and while AMP head of advice compliance Sarah Britt fronted the Commission on Monday afternoon. The couple sought superannuation ...

Royal Commission can only mean more red tape: Poll

DARREN SNYDER  |  MONDAY, 23 APR 2018
... disagreeing or strongly disagreeing with the statement. The poll was generated around last week's Royal Commission proceedings. By Friday, AMP chief executive Craig Meller announced he would depart the firm immediately, ahead of his scheduled departure ...

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... VanEck Royal Commission must be extended: FSU April 19: The human cost of bad financial advice comes to light The day's proceedings got a human touch when a former Westpac advice customer Jacqueline McDowall broke down while bearing the Royal Commision's ...

CBA and AUSTRAC agree to mediate

ALEX BURKE  |  FRIDAY, 23 MAR 2018
At the request of both parties, the Federal Court has referred the proceedings between CBA and AUSTRAC to mediation. The Court's decision also requires AUSTRAC to file and serve any reply to CBA's amended response by April 6 and set a timetable for ...

ASIC closes doors on Storm charges with two fines

ALEX BURKE  |  FRIDAY, 23 MAR 2018
... to losses suffered on investments made through Storm." The regulator's investigation began in 2008. Civil penalty proceedings commenced in 2010, and the trial took place between 30 May 2016 and 30 June 2016. Speaking to Financial Standard, Storm Investors ...