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Showing 621 - 630 of 2523 results for "Court"

JPMorgan says fintech was a fraud, closes business

JAMIE WILLIAMSON  |  MONDAY, 16 JAN 2023
... Management. However, JPMorgan is now suing Javice, saying it has discovered about four million customer accounts were fake. In court documents, the bank claims Javice paid a data scientist to use "synthetic data" techniques to create a list of 4.265 ...

Court approves Pendal takeover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JAN 2023
The Supreme Court of New South Wales has approved the acquisition of Pendal by Perpetual. The Court made orders today approving the scheme, with it to become legally effective tomorrow following Pendal lodging a copy of the orders with ASIC. As such ...

ASIC takes action against more greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 10 JAN 2023
... potentially misleading consumers as to the extent of the investment screening being implemented," said ASIC deputy chair Sarah Court. "As consumers increasingly look to more sustainable and ethical investing, including via their superannuation, ASIC ...

Federal Court finds against finfluencer

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2023
The Federal Court determined Tyson Scholz, known as ASX Wolf, was running an unlicensed financial services business for over a year, including providing courses on share trading and recommending stocks on Instagram. The court handed its decision down ...

Westpac settles BT Super class action

CASSANDRA BALDINI  |  MONDAY, 19 DEC 2022
... Services Limited. Tens of thousands of Australians may receive compensation following the settlement, which is subject to court approval and negotiated on behalf of customers who had invested their super in the BT Super cash option between 2007 and 2019. ...

ASIC takes civil action against Firstmac

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
ASIC has commenced the first ever court case against a financial product distributor for alleged breaches of design and distribution obligations (DDO). The regulator commenced the civil penalty action in the Federal Court against Firstmac Limited following ...

Adviser imprisoned for super fraud

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
... Wealth and Finance Pty Ltd. Goel has repaid several consumers from funds held in accounts previously frozen by the Federal Court. ASIC deputy chair Sarah Court said that ASIC was particularly concerned by Goel's conduct, which had many characteristics ...

Market manipulator sentenced

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... pre-determined price through two trading accounts which Cooper executed. Cooper was sentenced on December 9 at the Supreme Court of Western Australia, after pleading guilty to market manipulation charges. In sentencing Cooper, Justice Forrester said ...

ASIC proceedings name Pendal board member

ANDREW MCKEAN  |  TUESDAY, 13 DEC 2022
... former directors and executives of Star Entertainment Group, including a Pendal Group director. ASIC deputy chair Sarah Court argued that the Star's board and executives failed to give sufficient focus to the risk of money laundering and criminal ...

Former Statewide Super executives charged

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
Two former senior Statewide Superannuation executives have appeared before the Adelaide Magistrates' Court charged with dishonesty offences. The offences relate to the former Statewide Super executive's procurement of services between February ...