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Showing 541 - 550 of 566 results for "Civil"

APRA punishes errant super trustees

... money that rightfully belonged to the members of the company's superannuation fund for its own purposes. APRA instigated civil proceedings in the Federal Court against the trustees where they were found to be in breach of the arms length dealing rules ...

Super fund repays financial assistance

... have been had the fraud not occurred. The SIS Act also dictates that the trustee will pay back any monies recovered via civil action to the government. Deputy chairman for the Australian Prudential Regulation Authority (APRA) Ross Jones says, "It is ...

Eight year gaol sentence for former financial adviser

... Prosecutions acted against Higgins on ASIC's behalf. The criminal proceedings came after the regulator had already taken civil action against Higgins. These proceedings culminated on 19 June 2003 when ASIC permanently banned Higgins from acting as a ...

Former financial adviser guilty of 18 criminal charges

... Court of NSW. Higgins' plea comes after ASIC brought 21 charges of dishonest misconduct against him in May 2004, and after civil litigation by the regulator before that. Higgins was a director of Macquarie Towns Financial Services from October 1985 to ...

ASIC commits promoter of early release super schemes to trial

... $360,000 of funds. Sittczenko will stand trial on 12 fraud charges. The criminal charges against Sittczenko follows earlier civil action taken by ASIC. During Sittczenko's involvement with a superannuation rollover scheme conducted through Creditsource ...

Adler appeal dismissed

... misleading statements in relation to securities. Mr Adler argued he head already been punished for the same conduct from earlier civil proceedings brought against him by ASIC. The Court however found that the alleged criminal offences are different in ...

Regulators act to stamp out illegal early access to super

... accountants and other professionals who work in the area of superannuation. In the past four years, ASIC said it had initiated 29 civil and eight criminal enforcement actions against promoters of illegal early access to superannuation schemes. These ...

ASIC flexes civil powers

The Australian Securities and Investments Commission (ASIC) has for the first time filed civil proceedings alleging insider trading against John Petsa and March Milot. "This is the first time ASIC has taken civil penalty proceedings for a breach of ...

ASIC files proceedings against former ANZ bank employee, client

... before the public announcement of merger discussions between BRL Hardy and Constellation Brands Inc (Constellation). In its civil penalty proceedings, ASIC has asked the court to make a variety of orders against the defendants. \"ASIC is seeking a Court ...

ASIC launches inquiry into super funds

AAP  |  TUESDAY, 13 JAN 2004
... a mutual fund scandal in the US where at least 15 institutions have been investigated or charged with offences including civil fraud since an industry probe began last year. The letter from ASIC asks managers to reveal what assets are outsourced to mutual ...