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Showing 611 - 620 of 2456 results for "Court"

Celsius latest casualty in crypto crash

CASSANDRA BALDINI  |  FRIDAY, 15 JUL 2022
... Chapter 11 bankruptcy making it the latest victim of the crypto crash. In a statement, Celsius said it has filed with the Court a series of customary motions to allow it to continue operation. These "first day" motions include requests to pay employees ...

$150m capital overlay no more for Allianz Australia

CHLOE WALKER  |  FRIDAY, 15 JUL 2022
... $150 million in December 2020 in recognition of Allianz's progress in addressing these issues. Last year, APRA accepted a court enforceable undertaking (CEU) from the insurer. Under the CEU, Allianz committed to rectifying its issues through a series ...

Victorian AR charged with providing unlicensed advice

CASSANDRA BALDINI  |  WEDNESDAY, 13 JUL 2022
... Prosecutions after an investigation and referral by ASIC. It will be next listed for mention on October 4 in the Magistrate's Court of Victoria.

Subjects of Royal Commission case study found guilty in court

CHLOE WALKER  |  MONDAY, 11 JUL 2022
The Federal Court has found that Select AFSL (Select), BlueInc Services Pty Ltd (BlueInc) and Insurance Marketing Service Pty Ltd (IMS) engaged in unconscionable conduct when selling insurance products. The Court also found Russell Howden, the managing ...

ASIC takes Lanterne Fund Services to court

ANDREW MCKEAN  |  THURSDAY, 7 JUL 2022
... obligations as an AFSL holder, including a failure to meet organisational competence requirements. ASIC deputy chair Sarah Court said: "ASIC is concerned that for an extended period there was a real risk of investor harm due to shortcomings in Lanterne's ...

Melissa Caddick's multimillion dollar mansion to hit the market

CASSANDRA BALDINI  |  FRIDAY, 1 JUL 2022
... the Receivership Property. Once all the Receivership Property is realised, there will be further orders required from the Court to determine how the proceeds are distributed amongst all interested parties, including investors." He said updates regarding ...

ASIC takes Mercer Financial Advice to court

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... 2100 customers. Customers impacted included members of GESB and Alcoa of Australia Retirement Plan. ASIC deputy chair Sarah Court said: "These proceedings are another example of a large financial institution charging fees to customers that we allege ...

Former adviser charged over faked books

CHLOE WALKER  |  TUESDAY, 28 JUN 2022
... prosecuted, Nguyen faces a maximum of two years' imprisonment. The matter is to be heard before the Adelaide Magistrates Court in August.

ASIC obtains orders to freeze assets

ANDREW MCKEAN  |  TUESDAY, 28 JUN 2022
ASIC has obtained urgent interim orders from the Federal Court to freeze the assets of Ashley Vincent Arandez and four companies of which he is a director. The regulator sought these orders on an urgent, ex parte, basis because it is concerned Arandez ...

Corporate advisor charged over $2m theft

CASSANDRA BALDINI  |  WEDNESDAY, 22 JUN 2022
... been charged after allegedly stealing almost $2 million from his clients. Last Friday, Torre appeared in Perth Magistrate Court and was charged with eight counts of fraud and five counts of stealing pursuant following an ASIC investigation. The corporate ...