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Showing 671 - 680 of 2456 results for "Court"

Disgraced former fund manager chief declared bankrupt

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
... - later known as Octaviar - has been declared bankrupt after he failed to pay a penalty to ASIC of $300,000. The Federal Court made the order against Michael Christodoulou King based on the unpaid penalty even though such a debt is not one provable in ...

ISPT takes stake in property fund manager

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... which alleges that under its former name as Evans Dixon, clients were misled and provided conflicted advice. The Federal Court is overseeing the lawsuit, which named subsidiary Dixon Advisory and Superannuation Services and former chief executive Alan ...

Disqualified adviser convicted of managing company

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... establish the business. The Commonwealth Director of Public Prosecutions presided over the matter in the Downing Centre Local Court on December 14. She was conditionally released on a two-year bond with a $1000 recognizance. New South Wales-based Scott ...

OnePath Custodians sued over fees for no service

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
Civil penalty proceedings have commenced in the Federal Court against OnePath Custodians for allegedly charging super fund members fees for no service, filed by ASIC. ASIC is alleging OnePath incorrectly charged more than $4 million in fees to more ...

ASIC takes 'ASX Wolf' to court

ELIZABETH MCARTHUR  |  TUESDAY, 14 DEC 2021
... followers share trading tips on social media under the handle 'ASX Wolf'. The regulator filed proceedings in the Federal Court that will seek to restrain Scholz from carrying on any financial services business in Australia. Under his ASX Wolf handle ...

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... customers were entitled to receive the benefits they signed up for and in many instances paid for," ASIC deputy chair Sarah Court said. "This case is yet another example of a widespread system failure by a major bank impacting thousands of customers." ...

Courtenay House director faces court for alleged fraud offences

CHLOE WALKER  |  WEDNESDAY, 1 DEC 2021
... for an alleged $196 million Ponzi scheme. Tony Iervasi and Athan Papoulias have today appeared in the Downing Centre Local Court charged with criminal offences for their actions relating to an alleged Ponzi scheme. Iervasi is facing nine criminal charges ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... has filed multiple proceedings against one entity at the same time. Announcing the filings today, ASIC deputy chair Sarah Court said these were exceptional circumstances. "ASIC had numerous Westpac-related matters under investigation through the course ...

La Trobe fined for misleading investors

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
La Trobe Financial has been fined for misleading investors in its $5 billion fund. The Federal Court has ordered La Trobe Financial Asset Management to pay a $750,000 penalty for false and misleading marketing of the La Trobe Australian Credit Fund ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
ASIC has commenced proceedings in the Federal Court against ANZ for breaches of the Credit Act arising from referrals through its home loan 'introducer program' and from unlicensed individuals outside the introducer program. The program involved ...