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Showing 521 - 530 of 1713 results for "Breach"

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
The corporate regulator is fighting tooth and nail to make National Australia Bank pay a hefty penalty for charging customers fees in return for no service. In the Federal Court this morning, ASIC representative Christopher Archibald QC recalled the ...

James Mawhinney files appeal

ELIZABETH MCARTHUR  |  TUESDAY, 15 JUN 2021
... actions of ASIC have been misguided because of that commercial pressure. We also note that some media activity has been in breach of the ACCC Media Code of Conduct." Mawhinney maintains that he is working "around the clock" to get investors in Mayfair ...

Halifax auditors face criminal charges

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
Audits of defunct stockbroker Halifax have resulted in the first criminal charges ever laid in Australia for failure to comply with auditing standards. EC Audit and its director Robert Evett have been charged with breaches of auditing standards and ...

ASIC bans adviser over $5m fraud

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
... failing to act in the best interests of clients and engaging in unlicensed conduct. Concluding that Fineff was likely to breach financial services law in the future, was not adequately trained and was not a fit and proper person to provide financial ...

ASIC increases short selling surveillance

KARREN VERGARA  |  THURSDAY, 3 JUN 2021
... amount to possession of inside information, it said, noting that there is high risk that possessing such information could breach insider trading prohibitions. ASIC commissioner Cathie Armour said investors expect to transact in a fair and informed market. ...

Court says minister has 'duty of care' in coal investment

ELIZABETH MCARTHUR  |  FRIDAY, 28 MAY 2021
... 2020. The students alleged that approving a major extension to the Vickery coal mine in northern New South Wales would breach the minister's duty. The court ruled that the minister does have a duty of care and should not make a decision that harms young ...

Potential small carve out for annual renewal law

KARREN VERGARA  |  THURSDAY, 27 MAY 2021
... not possible to provide an FDS in one day and have equally been clear that it is inappropriate to take the risk, as any breach in terms of the content of an FDS or getting the amount wrong would result in the ongoing fee arrangement being terminated," ...

Former adviser charged with $3.3m fraud

KARREN VERGARA  |  THURSDAY, 27 MAY 2021
A former Sentinel Wealth financial adviser with a gambling addiction has been charged with stealing $3.3 million from clients. New South Wales Police confirmed to Financial Standard that Gavin Fineff was charged with 18 offences of dishonestly obtaining ...

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
ASIC has taken Federal Court action against AMP for allegedly charging more than 2000 deceased clients insurance premiums and financial advice fees after being notified of their death. The action relates to five companies that are or were subsidiaries ...

UBS, Nomura cop fines over bond cartel

KANIKA SOOD  |  TUESDAY, 25 MAY 2021
UBS, Nomura and UniCredit were fined a total of $585 million by the European Commission for cartel conduct in government bond trading during the GFC. EC says the three investment banks breached antitrust rules through the participation of a group of ...