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Showing 441 - 450 of 683 results for "Proceedings"

CBA affirms BBSW position

DARREN SNYDER  |  TUESDAY, 27 FEB 2018
... investigation and is looking "to constructively engage with ASIC in order to resolve this matter." ASIC's initial civil proceedings alleged CBA traded a large number of its products with the intention to influence the BBSW on three specific occasions ...

ASIC seeks Deloitte to liquidate SMSF business

ALEX BURKE  |  TUESDAY, 27 FEB 2018
... to appoint a Deloitte partner to liquidate a Perth-based self-managed super fund business. The regulator commenced proceedings against Superfunded - along with sole director Max Goldenberg and sole shareholder Mark Goldenberg - in November last year ...

CBA denies majority of latest AUSTRAC allegations

KARREN VERGARA  |  FRIDAY, 23 FEB 2018
... on 9 October 2017, CBA said it rejects accusations it failed to disclose material information relating to AUSTRAC's proceedings that could adversely affect its share price. It maintains that prior to 3 August 2017, AUSTRAC did not inform the bank it ...

SMFSA voices support for AFCA

KARREN VERGARA  |  THURSDAY, 15 FEB 2018
... ability [to] have their grievances with a large institution dealt with by AFCA and avoid lengthy and costly legal proceedings is to be commended," Maroney said. "Anecdotal evidence suggests that SMSF members often do not pursue their complaints with ...

CBA puts away $500m for regulatory costs

DARREN SNYDER  |  WEDNESDAY, 7 FEB 2018
... banking group said it has set aside $375 million for an estimated civil penalty in relation to the ongoing AUSTRAC proceedings in the Federal Court. During the six month period it also set aside $200 million for "expected costs relating to currently ...

CBA embroiled in rate-rigging allegations

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2018
... rigged the bank bill swap reference rate (BBSW) and engaged in unconscionable conduct. ASIC initiated civil penalty proceedings yesterday, alleging CBA traded a large number of its products with the intention to influence the BBSW on three specific occasions ...

ASIC successfully files injunction against Melbourne advice provider

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2018
A Melbourne financial services firm is prohibited from operating while proceedings brought by ASIC continue in the Federal Court. ASIC commenced proceedings against Financial Circle Pty Ltd in December 2017, alleging the business was offering loans ...

WAM pulls out of takeover deal

ALEX BURKE  |  MONDAY, 8 JAN 2018
... application from Keybridge Capital, which had submitted its own takeover proposal for Molopo. Keybridge had commenced proceedings against Molopo with regards to the latter's recent acquisition of shares in Orient FRC and the alleged conduct of Molopo's ...

FS has you covered in 2017

DARREN SNYDER  |  FRIDAY, 22 DEC 2017
... Tornya. Financial Executive Women founder and managing director of Financial Recruitment Group, Judith Beck, kicked off proceedings by announcing a new alliance with the Financial Planning Association of Australia to encourage the positive progression ...

IMF ramps up funding for CBA class action

EMMA RAPAPORT  |  FRIDAY, 22 DEC 2017
... two months after IMF announced that funding for the shareholder class action against CBA was unconditional and filed proceedings in the Federal Court. At the time, IMF said the proceedings were filed on an open class basis, with Maurice Blackburn conducting ...