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Showing 51 - 60 of 137 results for "Magistrate"

Pershing convicted for client breaches

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
... must be paid into a client money account and AFS licence holders can only make payments out of a client money account. Magistrate Atkinson said it was Pershing's responsibility to ensure that there were systems in place that reflected what was required ...

Rio Tinto decision exposes limits of super engagement

ELIZABETH MCARTHUR  |  TUESDAY, 7 JUL 2020
A controversial promotion at mining giant Rio Tinto has demonstrated how even the biggest of super funds hold very little sway when it comes to engaging with companies they invest in. Peter Toth, formerly chief executive of OM Holdings, was promoted ...

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 ...

Superannuation scammer to face court

KANIKA SOOD  |  THURSDAY, 16 JAN 2020
The South Australian Police has arrested an SMSF investment manager who will today face the court with charges for 69 counts of deceptions. The 33-year-old man from Hills was arrested by police on Wednesday following a cybercrime investigation. It is ...

ACCC immunity deal questioned by court

ELIZA BAVIN  |  FRIDAY, 6 DEC 2019
... compromised as the JPMorgan executives were shown notes about the ANZ sale by the investigators at the ACCC. Presiding magistrate Jennifer Giles labelled the prosecution's case as "completely opaque" in terms of the timeline of events and how Galvin ...

CommInsure cops $700k hawking fine

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... regime effective from March 2019, the maximum total penalty would have been $10,962,000. In handing down her sentence, Magistrate Atkinson of Sydney's Downing Centre Local Court said there was a "significant need for deterrence" and added those who ...

Perth adviser to face court

KANIKA SOOD  |  THURSDAY, 5 SEP 2019
A Perth financial adviser allegedly stole nearly $1 million from clients and transferred it to his online gambling accounts, according to the Western Australian Police Force (WAPF). The 38-year old adviser, who was not named but identified as a Yanchep ...

Former Futuro adviser charged with theft

ELIZABETH MCARTHUR  |  TUESDAY, 11 JUN 2019
... allegations he stole $179,600 from a deceased estate of which he was executor. Robert Pryor Smith appeared in the Adelaide Magistrate's Court charged with 27 dishonesty offences last week. ASIC alleges that between October and July 2016 Smith transferred ...

Former adviser steals $5m from clients

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
A former financial adviser is facing a lengthy jail term after pleading guilty to the theft of close to $5 million in client funds. Former Adelaide financial adviser James Gibbs appeared before the Adelaide Magistrates Court last Friday charged with ...

ASIC issues permanent ban for theft

JAMIE WILLIAMSON  |  THURSDAY, 9 AUG 2018
An insurance broker who stole from clients has been permanently banned from providing financial services. Brody Glenn Jarman of Yarrawonga, Victoria, was struck off by ASIC after an investigation found he had misappropriated $3,133.36 in client funds. ...