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Showing 51 - 60 of 153 results for "Courts"

Sargon liquidators want to dig deeper

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... part of an insolvent trading claim of $3.5 million against the directors, it said. This claim has not been pursued in the courts and is contingent on further funding. The liquidator says it examined Sargon's accounting systems and found that it had ...

Clime courts Madison Financial Group

KANIKA SOOD  |  MONDAY, 11 MAY 2020
Sydney's Clime Investment Management has emerged as a bidder for Madison Financial Group, which is currently in the process of being sold by OneVue. Madison, which is home to about 100 advisers, was previously owned by Sargon Capital but fell into ...

Fortescue seeks to hide pricing

ELIZA BAVIN  |  FRIDAY, 1 MAY 2020
... at the miner, filing its own action in the US District Court for the Southern District of New York. Fortescue asked the courts to ban Argus and S&P from reporting on and printing the discounts which the company circulates to customers and prospective ...

Adviser bans fall

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... Additionally, as at 1 January 2020, ASIC had 14 criminal and 58 civil financial services related matters still before the courts. "In the last Enforcement Update, published in August 2019, I outlined the establishment of ASIC's Office of Enforcement ...

BGH Capital, Canadian pension fund shelve NZ acquisition

KANIKA SOOD  |  WEDNESDAY, 1 APR 2020
... to BGH and the Canadian pension fund acquiring all of its shares for $5.70 a share. The transaction was approved by the courts and shareholders, with the last trading day set for early April. However, on Monday Abano told shareholders that the transaction ...

Former AMP, Synchron adviser charged

HARRISON WORLEY  |  FRIDAY, 21 FEB 2020
A former AMP and Synchron financial adviser has been brought before the courts for allegedly using the retirement savings of clients to fund his own lifestyle. Townsville's Anthony Vivian Dick has been charged with 11 counts of dishonestly applying ...

Sargon runs out of steam

KANIKA SOOD, JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
... was due to launch early 2020). However, on the way, the company has had its share of brushes with the regulator and the courts. In 2018, Sargon-owned Tidswell Trustees (also an acquisition) ran into trouble with the corporate regulator as the trustee ...

18 misconceptions about FASEA code

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... is too vague FASEA's guidance is irrelevant because advisers will only be judged on the code: "Nope, the regulators and courts will look to the guidance to establish the intention and objects of the Code to apply," he explained. Guidance is only needed ...

Industry fund pushes for simpler super splitting

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... division of super assets, via a simple, consistent form for court orders that can be used across the industry and by the courts," HESTA said. HESTA head of impact, Mary Delahunty said super splitting processes differ from fund to fund and the complexity ...

Update on FASEA code guidance on the way

ELIZABETH MCARTHUR  |  FRIDAY, 29 NOV 2019
... you only need guidance if there is ambiguity in the code," De Gori said. "It doesn't matter how good the guidance is. Courts of law and other regulatory bodies that might look at the Code of Ethics - how will they interpret it? "FASEA creates the ...