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Showing 481 - 490 of 2455 results for "Court"

Former director pleads guilty to super misuse

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
... years imprisonment. This matter is being prosecuted by the Commonwealth Director of Public Prosecutions and will return to court in December for a plea hearing.

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... was wholly inadequate to assess whether a retail client was likely to be within the target market. ASIC deputy chair Sarah Court commented: "ASIC is concerned eToro's screening test inappropriately exposed clients to the CFD product. Providers need ...

Mayfair 101 calls for senate inquiry into ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2023
... which ASIC failed to verify." "After three and a half years, numerous legal proceedings, and tens of thousands of pages of court documents, the only document resembling a complaint about Mayfair is Mr Hempton's "spidey-sense" email he sent Karen ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
... apply to licensees who fail to protect confidential and sensitive personal information of clients. Referencing the Federal Court judgement in ASIC v RI Advice Group, in which RI Advice was found to have failed its cybersecurity obligations, Jacobson ...

ASIC sues Vanguard for greenwash in bond fund

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023
ASIC is taking Vanguard to court over greenwashing allegations relating to a global bond index fund. This is the second time the market regulator has acted against Vanguard over greenwashing. ASIC has lodged civil penalty proceedings in federal court ...

CFS settles super fees class action

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2023
... It is the largest settlement achieved by the law firm in a group proceeding to date. The settlement, which is subject to court approval, was negotiated on behalf of members of CFS FirstChoice Personal Super, FirstChoice Pension and FirstChoice Employer ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... largest failure in US history by assets. SVB had no further comments beyond the adversary complaint filed in the bankruptcy court over the weekend.

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
The Federal Court this morning has ruled in favour of disgruntled AMP Financial Planning advisers who saw the value of their practices deteriorate after the parent company controversially changed its Buyer of Last Resort (BOLR) rules. In handing down ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... customers, has been banned from managing a company for five years, while his companies were fined $13.5 million. The Federal Court found Russell Howden, also the director of BlueInc, engaged in unconscionable conduct and breaching financial services ...

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... team during the transition. An independent board of directors will be established for the new entity, with former Federal Court judge Andrew Greenwood joining as a non-executive director. Allegro further confirmed that candidates for an independent chair ...