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Showing 541 - 550 of 2521 results for "Court"

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... have booked a $50 million provision in response to the judgment in the Financial Adviser Class Action. The process for the Court making orders from the judgment is ongoing and until finalised we won't make a decision on any appeal," George said. ...

ASIC sues debt management firm, director

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
... some payments made by customers were never even passed on to their creditors. ASIC has commenced proceedings in the federal court against Bakken Holdings Pty Ltd (Bakken), an operator of the debt management business Solve My Debt Now, following concerns ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... and distribution obligations (DDO). During her introductory speech at the General Counsel Summit, ASIC deputy chair Sarah Court said if the regulatory body achieves a favourable outcome in the ongoing proceedings, it will send a clear deterrent message ...

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
... apply to advisers and firms who promote tax avoidance. It will also increase the time limit for the ATO to bring Federal Court proceedings on promoter penalties from four years to six years after the conduct occurred. Further, it explained limitations ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... other third-party service providers for greenwashing as well. Last month, ASIC announced it is taking Vanguard to federal court, alleging Vanguard "made false and misleading statements and engaged in conduct liable to mislead the public in representing ...

ASIC takes Dixon Advisory director to court

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
ASIC is taking former Dixon Advisory & Superannuation Services (DASS) director Paul Ryan to the Federal Court in an alleged breach of duties that led to creditors suffering significant losses. The corporate regulator believes Ryan put the interests ...

Former director pleads guilty to super misuse

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
... years imprisonment. This matter is being prosecuted by the Commonwealth Director of Public Prosecutions and will return to court in December for a plea hearing.

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... was wholly inadequate to assess whether a retail client was likely to be within the target market. ASIC deputy chair Sarah Court commented: "ASIC is concerned eToro's screening test inappropriately exposed clients to the CFD product. Providers need ...

Mayfair 101 calls for senate inquiry into ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2023
... which ASIC failed to verify." "After three and a half years, numerous legal proceedings, and tens of thousands of pages of court documents, the only document resembling a complaint about Mayfair is Mr Hempton's "spidey-sense" email he sent Karen ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
... apply to licensees who fail to protect confidential and sensitive personal information of clients. Referencing the Federal Court judgement in ASIC v RI Advice Group, in which RI Advice was found to have failed its cybersecurity obligations, Jacobson ...