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Showing 531 - 540 of 2453 results for "Court"

Court fines ANZ for dodgy introducer program

KARREN VERGARA  |  MONDAY, 13 MAR 2023
... copped a $10 million penalty for its home loan referral program that breached consumer credit protection laws. The Federal Court found that the bank's Home Loan Introducer Program enabled unlicensed third parties to refer customers to ANZ for loans. ...

ASIC charges former investment company executives

ANDREW MCKEAN  |  MONDAY, 6 MAR 2023
... after ASIC's investigation. Elderfield's prosecution is scheduled for further mention in the Brisbane Magistrates Court on June 16. McAuliffe's prosecution will have a further mention on March 17, as ordered by the court.

Expect more greenwashing action: ASIC

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAR 2023
The court case against Mercer Superannuation for allegations of greenwashing is "just one of the investigations on foot", ASIC chair Joe Longo said. "We will do what we need to do to make sure entities are not misleading the market" on greenwashing ...

Mercer embroiled in greenwashing allegations

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
Setting a precedent, the corporate watchdog has taken Mercer Superannuation Australia to court for alleged greenwashing conduct. Mercer marketed the Sustainable Plus options, available in the Mercer Super Trust (MST), as suitable for members who "are ...

Unlicensed investor pleads guilty to fraud charges

CHLOE WALKER  |  FRIDAY, 24 FEB 2023
... himself. A further two offences of carrying on a financial services business without a licence will also be considered by the Court, ASIC said. Following an ASIC investigation, Kamkolkar was found to have obtained nearly $1 million from four investors ...

Advice group convicted of hawking

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2023
National Advice Solutions was convicted in a Queensland court for cold-calling consumers and trying to convince them to switch their super fund, copping a $70,000 fine. National Advice Solutions' AFSL was cancelled in December and its two responsible ...

Financial Circle director convicted, fined

CHLOE WALKER  |  TUESDAY, 21 FEB 2023
... of managing a corporation and fined $6000. Joshua David Fuoco pleaded guilty to the charges in the Melbourne Magistrates Court. The charge arose from an ASIC investigation that found Fuoco was involved in the running of Financial Circle from August 2017 ...

Victim access to super should be extended: Associations

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2023
... contributions, including any made for a spouse, and only in instances where the time period to allow an appeal to a higher court has lapsed to avoid the risk of an appeal exonerating the accused after monies from super have been paid out. The government ...

Link due to settle defunct Woodford fund with FCA

KARREN VERGARA  |  MONDAY, 20 FEB 2023
... of approximately $322 million. Dye & Durham was poised to takeover Link Group. This fell through last September after a court rejected the deal as necessary conditions could not be satisfied. This included the Woodford fund issues.

Former Big Un chief charged with insider trading

CASSANDRA BALDINI  |  WEDNESDAY, 15 FEB 2023
... ASX-listed company. Evans, also known as Richard Simon Evertz, was represented by his lawyer in the Downing Centre Local Court yesterday. The corporate watchdog alleges that roughly around 10 January 2017, Evans made the offence and communicated the ...