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Showing 71 - 80 of 103 results for "Federal Court of Australia"

Spain here we come

BENJAMIN ONG  |  THURSDAY, 15 NOV 2012
... to be rubbish CDO's and other structured securities glowing AAA's back in the days; and the one the Federal Court of Australia found guilty of negligence and "misleading and deceptive" when it gave a AAA (yes, that rating) to a financial asset created ...

CBA proffers Storm settlement

BEN COLLINS  |  MONDAY, 17 SEP 2012
... against CBA in ASIC's unregistered managed investment scheme proceedings which were brought in the Federal Court of Australia in Brisbane in December 2010. ASIC will continue the unregistered managed investment scheme proceedings against Storm, Bank ...

Opus Capital offers EU olive branch to ASIC

ELISE BURGESS  |  FRIDAY, 14 OCT 2011
... (AAT) before the Australian Securities and Investments Commission (ASIC) appealed that decision in the Federal Court of Australia. On August 31 this year, the Federal Court overturned the AAT's orders and reinstated ASIC's licence cancellation of Opus ...

Investors in line for Fincorp payout

MATT WOODINGTON  |  THURSDAY, 24 MAR 2011
... than 5000 investors look set to be compensated for their losses from Fincorp Investments, after the Federal Court of Australia authorised the release of details of the compensation scheme. A proposed multi-million dollar settlement that will include ...

ASIC catches Camelot Derivatives

ASIC RELEASE  |  TUESDAY, 8 FEB 2011
... returns can be earned in a high-risk market. ASIC sought injunctions against Camelot and King with the Federal Court of Australia restraining them from soliciting or encouraging new clients, advising, recommending, or directly or indirectly, causing ...

Bell Potter faces $22m class action

ELISE BURGESS  |  FRIDAY, 3 DEC 2010
... action from over 50 clients, claiming losses of approximately $22 million. The class action, held in the Federal Court of Australia, alleges that Bell Potter encouraged clients to buy shares in biotech company, Progen Pharmaceuticals (PGL) in 2007. Shortly ...

Unregistered MIS operator arrested

COMPANY RELEASE  |  THURSDAY, 5 NOV 2009
... matter is being prosecuted by the Commonwealth Director of Public Prosecutions. On 29 June 2007, the Federal Court of Australia delivered judgment in relation to an application by the Australian Securities and Investments Commission (ASIC) against four ...

PIS to pay $5.9m to Westpoint investors

ASIC RELEASE  |  MONDAY, 2 NOV 2009
The Federal Court of Australia has approved the settlement of an ASIC-initiated compensation claim to PIS clients who were advised to invest in failed Westpoint Group - ordering PIS to pay $5.9 million to these clients. The court approved a distribution ...

ASIC targets another MIS scheme

ASIC RELEASE  |  THURSDAY, 13 AUG 2009
... entity of managed investment scheme, Finchley Development Capital Funds. ASIC is seeking orders from the Federal Court of Australia to have Finchley wound up and a liquidator appointed to the company. Finchley is the responsible entity of a registered ...

ASIC bans Firepower adviser

ASIC RELEASE  |  FRIDAY, 10 JUL 2009
... December 2003 and December 2006. Ward can appeal ASIC's decision. ASIC started civil proceedings in the Federal Court of Australia against entities associated with Firepower Holdings Group in July 2008. These entities included Owston Nominees, Seaswan ...