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Showing 31 - 40 of 92 results for "Westpoint"

Perceived conflicts lethal to planners

MICHELLE BALTAZAR  |  THURSDAY, 19 NOV 2009
... conflicts if they want to raise consumer confidence at a time when many have been burnt by a litany of collapses - Storm, Westpoint and Timbercorp, to name a few. He even drew on the same 'perception' problem that befell politicians who receive donations ...

IMAP elects chair

COMPANY RELEASE  |  WEDNESDAY, 11 NOV 2009
The Institute of Managed Accounts Providers (IMAP), the industry body for managed accounts professionals, has appointed Toby Potter, one of the industry's pioneers, as chair. Tracy Byrne, who helped establish IMAP, is stepping down as chair but will ...

PIS to pay $5.9m to Westpoint investors

ASIC RELEASE  |  MONDAY, 2 NOV 2009
... approved the settlement of an ASIC-initiated compensation claim to PIS clients who were advised to invest in failed Westpoint Group - ordering PIS to pay $5.9 million to these clients. The court approved a distribution mechanism whereby the settlement ...

ASIC targets Brighton in Westpoint swoop

ASIC RELEASE  |  THURSDAY, 8 OCT 2009
ASIC has filed a court application to commence proceedings against Brighton Hall Securities as part of its latest Westpoint crackdown. ASIC announced yesterday that it had filed an application for leave in the Federal Court in Perth to commence proceedings ...

Westpoint exec faces court

ASIC RELEASE  |  WEDNESDAY, 7 OCT 2009
The former chief financial controller of the Westpoint Group of companies, Graeme Rundle, has appeared in court following two criminal charges brought by ASIC. Rundle, of Perth, Western Australia, appeared in the Downing Centre Local Court, Sydney ...

PIS in Westpoint compensation deal

ASIC RELEASE  |  TUESDAY, 15 SEP 2009
... has reached an agreement with ASIC to settle a class action brought by the corporate watchdog in relation to failed Westpoint investments. The proceeding concerns a claim for compensation relating to financial advice given by PIS to clients to invest ...

How to survive the next market outlier

MICHELLE BALTAZAR  |  THURSDAY, 3 SEP 2009
... were one too many cases of investors breaking not one but both rules "simultaneously", as was the case with Opes Prime, Westpoint and, the mother of all financial fraud in recent history, Madoff's feeder funds. That's why it's prime time that investors ...

Westpoint auditors get just desserts

ASIC RELEASE  |  TUESDAY, 18 AUG 2009
... banned as registered auditors for periods ranging from nine to 24 months following ASIC's crackdown on their roles in the Westpoint collapse. ASIC has accepted enforceable undertakings (EUs) from three partners of KPMG's Perth office, Brett Charles Fullarton ...

PI insurers face $300m in claims

RUTH LIEW  |  THURSDAY, 30 JUL 2009
... worth of claims in the next two to three years - stemming primarily from advisers linked with collapsed firms such as Westpoint, Storm Financial and Opes Prime. "We've got about five underwriters who are willing to insure this market," she said. "Those ...

IMF Australia targets Great Southern

MICHAEL HOBBS  |  THURSDAY, 18 JUN 2009
... country. The firm has previously represented shareholders of the mining firm Sons of Gwalia and funded litigation against Westpoint on behalf of its investors.