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Showing 51 - 60 of 945 results for "Federal Court"

Chris Marco sentenced to prison over $34m fraud

MATTHEW WAI  |  FRIDAY, 31 OCT 2025
... he was operating an unregistered managed investment scheme at AMS Holdings (WA) as far back as January 2010. The Federal Court ordered the wind-up of the scheme and company on 7 December 2020. The court also ordered that Marco be permanently restrained ...

Cbus agrees to pay $23.5m fine

ELIZA BAVIN  |  FRIDAY, 31 OCT 2025
... better serve our members moving forward." Both parties submitted a Statement of Agreed Facts and Admissions with the Federal Court on October 28 and is listed for hearing on November 13 for the court to approve. ASIC launched legal proceedings against ...

James Mawhinney launches another appeal

JAMIE WILLIAMSON  |  TUESDAY, 28 OCT 2025
... appealing the Federal Court's decision to bar him from dealing in financial products for 15 years. Last month, the Federal Court upheld a previous decision to ban Mawhinney from receiving or soliciting funds in connection with a financial product ...

Court blocks Merhi from financial services

KARREN VERGARA  |  TUESDAY, 28 OCT 2025
... been banned from working in financial services after ASIC successfully obtained interim restraining orders from the Federal Court. Yesterday, Justice Moshinsky restrained Merhi "through his servants, agents or employees" from carrying on any business ...

Macquarie to shed more than 240 investment options

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... investors. The move comes at the fallout of the Shield Master Fund. ASIC and Macquarie are now battling it out in the Federal Court as the regulator alleges MIM did not act efficiently, honestly and fairly when it failed to place Shield on a watch list. ...

Federal Court dismisses Freedom Insurance staff allegations

KARREN VERGARA  |  FRIDAY, 17 OCT 2025
The Federal Court has dismissed ASIC's claims that a former Freedom Insurance director and staff member were engaged in shocking and harmful sales tactics. Judge Goodman did not accept ASIC's claims that former director Keith Cohen and quality ...

APRA lifts final Westpac capital add-on

KARREN VERGARA  |  WEDNESDAY, 15 OCT 2025
... its risk management framework, this time relating to anti-money laundering. In October of the following year, the Federal Court ordered Westpac to pay a $1.3 billion penalty for its breaches of the Anti-Money Laundering and Counter-Terrorism Financing ...

ASIC seeks compensation for Shield victims from EQT

ELIZA BAVIN  |  MONDAY, 13 OCT 2025
... the valuation range set out in the Financial Position Report prepared by the liquidators of Shield by order of the Federal Court. This indicated that the liquidators expect a material recovery of funds on behalf of members invested in the Shield Master ...

ASIC cancels CPG Research & Advisory's AFSL

RIDDHIMA TALWANI  |  FRIDAY, 10 OCT 2025
... Endeavour Securities, both of which are now in liquidation, were slapped with a combined $390,000 penalty by the Federal Court for breaching their duties. In 2019, the Federal Court found Linchpin operated a fund unlawfully and without an AFSL. At one ...

ASIC raises alarm on auditor independence, conflicts of interest

KARREN VERGARA  |  WEDNESDAY, 8 OCT 2025
... was the auditor of defunct Keystone Asset Management, the responsible entity of the Shield Master Fund. When the Federal Court appointed new receivers and administrators in September 2024, BDO found that Keystone failed to maintain proper records resulting ...