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Showing 31 - 40 of 447 results for %22High Court of Australia%22

No regrets: Hayne reflects on Royal Commission

KARREN VERGARA  |  TUESDAY, 30 MAY 2023
Nearly six years since the landmark Royal Commission, former High Court justice Kenneth Hayne stands by his recommendations that upended the banking and financial services sectors. Making a rare appearance at the International Congress of Actuaries ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... A particular financial firm was found negligent in its responsibility to evaluate a client's aptitude for trading in high-risk investment products like contracts for difference (CFDs). The firm lacked appropriate processes to ensure that only proficient ...

Regulation, funding inhibits digital advice: Report

KARREN VERGARA  |  MONDAY, 22 MAY 2023
... confidence. Robo-advisers are well aware of the risks of "treading into personal advice territory, particularly after the High Court ruling in the Westpac case on general advice". While the Quality of Advice Review is expected to solve the issue of blurred ...

Class action commenced against IG Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... provide a remedy and recover these losses for retail investors who should never have been exposed to trading in such complex, high-risk products." CFDs are banned in some countries, including the US, while ASIC placed strict conditions on them to stem ...

Finfluencer receives jail sentence

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... good behaviour bond. The HotCopper trader also copped a $42,840 fine after pleading guilty yesterday in Melbourne County Court to 23 charges of manipulation of ASX-listed shares and 19 charges of illegal dissemination of information relating to the offence. ...

High Court rejects Mayfair 101 plea

JAMIE WILLIAMSON  |  MONDAY, 24 APR 2023
Mayfair 101's James Mawhinney has seen his High Court appeal rejected, allowing ASIC's case against him to be retried in the Federal Court. In October 2022, the Full Federal Court ordered a retrial after it found ASIC's original case against Mawhinney ...

Victim access to super should be extended: Associations

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2023
... old legal maxim that "hard cases make bad laws", highlighting the fact the government's discussion paper cites "a number of high-profile reports of convicted child sexual abuse offenders deliberately hiding millions of dollars' worth of assets in superannuation ...

Court ruling reiterates need to comply with AFCA

CASSANDRA BALDINI  |  WEDNESDAY, 25 JAN 2023
A court ruling has reaffirmed that financial institutions must cooperate with the Australian Financial Complaints Authority (AFCA) or face penalties. The ruling came in a case ASIC brought against home finance companies, General Commercial and Eden ...

ASIC launches civil action against American Express

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
... year, Amex was aware that the cancellation rates for consumers who applied for the credit cards in David Jones stores were high, and significantly higher than cancellation rates for credit cards applied for online. Amex knew some consumers were confused ...

Perpetual appoints head of equities

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
... parties agreed to revise the cash and scrip considerations of the deal, with both to be reduced. Additionally, a Supreme Court ruling determined that a $23 million break free wasn't Pendal's exclusive remedy should Perpetual renege on the deal. ...