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Showing 71 - 80 of 896 results for %22Federal Court%22

ASIC cracks down on former adviser, comedian

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
... investigates fees charged to client superannuation accounts. Last month, David Mario Valvo of Sydney was ordered by the Federal Court to surrender his passport while his assets and those of his business, Your Financial Freedom, were frozen. ASIC is investigating ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... capital return by 31 December 2023." The parties participated in a mediation on 29 June 2023, facilitated by former Federal Court judge Peter Jacobson. This was their second attempt at mediation, but they were unable to reach an agreement until AMP announced ...

ASIC appeal in CBA, CFS case dismissed

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2023
... operation of the conflicted remuneration laws introduced in 2012. Now, that appeal has been dismissed by the Full Federal Court. Again, ASIC has said it will carefully consider the judgment. "ASIC pursued this matter because conflicted remuneration has ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... return. We will review the decision to pause tranche three by no later than the end of the year." In July 2023, the Federal Court ruled against AMP over its controversial change to the Buyer of Last Resort (BOLR) rules, backing AMP Financial Planning ...

ASIC sues debt management firm, director

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
... some payments made by customers were never even passed on to their creditors. ASIC has commenced proceedings in the federal court against Bakken Holdings Pty Ltd (Bakken), an operator of the debt management business Solve My Debt Now, following concerns ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... volatile investment products." "ASIC has long had concerns about these products, which were infamously described by one Federal Court judge as 'financial heroin hits," she said. "We consider, and the court in that case considered, CFDs to be little more ...

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
... apply to advisers and firms who promote tax avoidance. It will also increase the time limit for the ATO to bring Federal Court proceedings on promoter penalties from four years to six years after the conduct occurred. Further, it explained limitations ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... other third-party service providers for greenwashing as well. Last month, ASIC announced it is taking Vanguard to federal court, alleging Vanguard "made false and misleading statements and engaged in conduct liable to mislead the public in representing ...

ASIC takes Dixon Advisory director to court

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
ASIC is taking former Dixon Advisory & Superannuation Services (DASS) director Paul Ryan to the Federal Court in an alleged breach of duties that led to creditors suffering significant losses. The corporate regulator believes Ryan put the interests ...

Mayfair 101 calls for senate inquiry into ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2023
... typically the case with ASIC investigations. The case against Mawhinney and Mayfair 101 is set to be reheard in the Federal Court of Victoria following a decision by the High Court last year. Separately, Mawhinney is suing ASIC and deputy chair Sarah ...