Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 591 - 600 of 691 results for "Proceedings"

Opes Prime director faces 22 charges

ASIC RELEASE  |  MONDAY, 31 MAY 2010
... Melbourne Magistrates Court on Friday, 28 May in relation to the matter. They were ordered to attend the committal proceedings listed for 28 February 2011 and bail was extended for Smith and Blumberg. Each offence carries a maximum penalty of five years' ...

KPMG challenges ASIC on Constitutional powers

ASIC RELEASE  |  THURSDAY, 20 MAY 2010
... misconduct, committed in connection with a matter to the investigation or examination. In addition, ASIC may begin civil proceedings for the recovery of property from the person concerned. If KPMG's challenge is successful, ASIC would not have powers ...

Admins team up for rollover revolution

RUTH LIEW  |  FRIDAY, 12 MAR 2010
... the three administrators' initiatives. The minister for financial services and super, Chris Bowen, has commended the proceedings. "It will build on the work Medicare is doing to reduce red tape for small businesses and bring about greater efficiencies ...

Westpoint investors win $13.5m compensation

ASIC RELEASE  |  THURSDAY, 4 MAR 2010
... seeking compensation on behalf of Westpoint investors. This is the fourth settlement of ASIC's Westpoint compensation proceedings approved by the Federal Court following settlements with Masu Financial Management, Professional Investment Services and ...

ASIC presses on with Westpoint compensation

ASIC RELEASE  |  MONDAY, 30 NOV 2009
... actions against Melbourne-based Bongiorno Financial Advisors and Bongiorno Financial Advisors (Aust). The settlement of proceedings is subject to the approval of the court. The compensation related to financial advice which recommended clients invest ...

Perpetual close to recovering $125m for Mahogany

COMPANY RELEASE  |  MONDAY, 9 NOV 2009
... Brothers, following its second successful court ruling in the United Kingdom last week. Perpetual (PTCo) commenced legal proceedings six months ago against the UK-based BNY Corporate Trustee Services (BNY) to recover "collateral" which could be used ...

Unregistered MIS operator arrested

COMPANY RELEASE  |  THURSDAY, 5 NOV 2009
... against four companies and Stephen McDougall, the joint operators of an unregistered managed investment scheme. ASIC's proceedings against Fuelbanc Australia Ltd (Fuelbanc), Paycards Global Pty Ltd, Paycards Investments Pty Ltd, PC Property Group Pty ...

PIS to pay $5.9m to Westpoint investors

ASIC RELEASE  |  MONDAY, 2 NOV 2009
... financial services licence. PIS was one of seven Australian financial service licensees against whom ASIC commenced proceedings for compensation on behalf of Westpoint investors. The investors in Westpoint-related financial products had an outstanding ...

ASIC takes MFS Group to court

COMPANY RELEASE  |  MONDAY, 2 NOV 2009
The regulator has started civil proceedings against the former executives and officers of MFS Group and its three subsidiaries for alleged transactions that breached responsible entity laws. The Australian Securities and Investments Commission (ASIC) ...

Centro execs to face tough penalties

MICHAEL HOBBS  |  WEDNESDAY, 21 OCT 2009
The regulator has launched proceedings against the chair, chief executive, chief financial officer and five other directors of entities within Centro Properties Group and Centro Retail Group for misleading accounting practices. The action includes Brian ...