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Showing 41 - 50 of 957 results for "Federal Court"

Interprac sues AFCA over Shield determination

JAMIE WILLIAMSON  |  TUESDAY, 10 MAR 2026
Interprac Financial Planning has commenced Federal Court proceedings against the Australian Financial Complaints Authority (AFCA), believing it has not been treated fairly. Sequoia Financial Group, Interprac's parent company, said the case relates ...

Brisbane financial adviser appears in court on dishonesty charges

RIDDHIMA TALWANI  |  TUESDAY, 10 MAR 2026
... approximately $1.3 million. The matter has been adjourned for further mention on 15 May 2026. On 28 March 2024, the Federal Court made orders preserving the assets of Prakash and the related companies and restrained him from leaving Australia. ASIC said ...

Sequoia weighs InterPrac's fate, launches review

KARREN VERGARA  |  TUESDAY, 24 FEB 2026
... chair of its inaugural AFSL Governance Committee. Last November, ASIC commenced civil penalty proceedings in the Federal Court against InterPrac. Sequoia is expected to complete its statement of claim in mid-March 2026. "The review is expected to be ...

CBA updates on class actions, governance review

ELIZA BAVIN  |  WEDNESDAY, 11 FEB 2026
... liability. Another advice-related class action commences against Count Financial in August 2020 was dismissed by the Federal Court in May 2025, with the order for legal costs to be awarded to Count Financial. However, CBA said an appeal was lodged by ...

Helen Lofthouse to exit ASX in May

JAMIE WILLIAMSON  |  WEDNESDAY, 11 FEB 2026
... supposed to be rolled out in April 2021 but faced successive year-long delays. In 2024, ASIC sued the ASX in the Federal Court over allegedly misleading statements related to the project. One of Lofthouse's first calls as chief executive was to dump ...

FIIG Securities fined $2.5m for lengthy cyber failures

JAMIE WILLIAMSON  |  TUESDAY, 10 FEB 2026
... training for staff, and its cyber incident response plan was not tested on an annual basis. FIIG was ordered by the Federal Court to pay a penalty of $2.5 million as well as $500,000 towards ASIC's legal costs. FIIG must also engage an independent expert ...

Australian Unity cops fine for TMD, DDO failures

KARREN VERGARA  |  MONDAY, 2 FEB 2026
... distribution obligations (DDO) regarding its Select Income Fund and has been slapped with a $7.125 million fine by the Federal Court. Hundreds of retail investors were led to believe they were able to invest in the fund even though the product may not ...

BPS Financial fined $14m over Qoin Wallet

ANGELIQUE MINAS  |  WEDNESDAY, 28 JAN 2026
The Federal Court has handed BPS Financial $14 million in pecuniary penalties over the way in which it promoted and operated its crypto product Qoin Wallet. According to ASIC, BPS Financial advertised the product as a non-cash payment facility linked ...

Rodney Forrest handed prison sentence for $3m insider trading

ELIZA BAVIN  |  TUESDAY, 27 JAN 2026
... shares before leaking details of the takeover to the media, making over $300,000 profit for himself, ASIC said. The Federal Court in Sydney sentenced Forrest to five years imprisonment for insider trading and two years for procuring others to trade ...

AOFM names lead managers for 2037 Treasury Bond

ELIZA BAVIN  |  WEDNESDAY, 21 JAN 2026
... issuance, and a $50 million penalty for incorrectly reporting bond trading data to the AOFM over a two-year period. The Federal Court made the order in December 2025. At the time, AOFM chief executive Anna Hughes welcomed the court's decision. "The court's ...