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Showing 631 - 640 of 727 results for "Proceedings"

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 ...

ASIC targets Brighton in Westpoint swoop

ASIC RELEASE  |  THURSDAY, 8 OCT 2009
ASIC has filed a court application to commence proceedings against Brighton Hall Securities as part of its latest Westpoint crackdown. ASIC announced yesterday that it had filed an application for leave in the Federal Court in Perth to commence proceedings ...

ASIC slaps six year ban for MIS fraud

ASIC RELEASE  |  MONDAY, 24 AUG 2009
... Supreme Court in March 2007 by continuing to solicit funds from investors in the scheme. The banning of West follows proceedings brought by ASIC in the Supreme Court of South Australia and declarations made on 9 May 2008 by the Honourable Justice Gray ...

ASIC cracks down on early release of super

ASIC RELEASE  |  THURSDAY, 20 AUG 2009
... and Lucia Sini for the illegal early release of a combined $702,609 in members' funds. ASIC has commenced criminal proceedings in the Sydney Central Criminal Court against Faleono and Sini for dishonest conduct in operating a financial services business. ...

ASIC targets another MIS scheme

ASIC RELEASE  |  THURSDAY, 13 AUG 2009
ASIC has commenced civil proceedings to wind up and appoint a liquidator to Finchley Central Funds Management - the responsible entity of managed investment scheme, Finchley Development Capital Funds. ASIC is seeking orders from the Federal Court of ...