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Showing 1 - 10 of 19 results for "Settlement Agreement"

Systemic issues impact 20k consumers: AFCA

MATTHEW WAI  |  MONDAY, 11 NOV 2024
... oversight of client correspondence, AFCA said. Investments and advice AFCA found a particular financial firm's settlement agreement was "inconsistent" with AFCA's approach in investments and advice and has since consulted with ASIC to investigate the ...

GQG breaches SEC whistleblower protection laws

KARREN VERGARA  |  FRIDAY, 27 SEP 2024
... told the firm the client intended to report alleged securities law violations to the SEC. "Specifically, the settlement agreement said that it permitted reporting possible securities law violations to government agencies, including the Commission; however ...

Broken promises leave survivors in the lurch

ANDREW MCKEAN  |  TUESDAY, 4 JUN 2024
... offender's superannuation should be available for distribution to satisfy any civil claim, whether by judgement or settlement agreement," Carpenter submitted to Treasury. "As we have seen with certain high-profile offenders, investigations sometimes ...

J.P. Morgan pays US$18m over whistleblower rule breaches

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JAN 2024
The investment giant was in hot water for blocking hundreds of retail clients from reporting potential securities law violations by having them sign confidential release agreements when receiving credits or settlements more than US$1000 ($1518). The ...

Mainstream to be acquired for $170m

ELIZA BAVIN  |  TUESDAY, 9 MAR 2021
... weighted average price. In February this year Mainstream agreed to pay $5.1 million as part of a confidentiality settlement agreement affecting its US hedge fund administration subsidiary. "The proposed settlement is on a no admission of liability basis ...

Mainstream to pay $5.1m settlement

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
Mainstream BPO is due to pay $5.1 million as part of a confidential settlement agreement affecting its US hedge fund administration subsidiary. The ASX-listed firm said it agreed to pay US$3.95 million to a US District Court-appointed receiver of a ...

Westpac settles two class actions

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... negotiation, execution of complete settlement papers and court approval, the bank said, adding that the terms of the settlement agreement are confidential. In 2018, the Australian Federal Court ordered the bank pay $3.3 million for contravening the ASIC ...

Westpac puts Australia on bad banking leaderboard

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
Global banks have paid out around US$10.5 billion in fines so far this year, with Westpac taking out third place thanks to the AUSTRAC scandal. The research, provided by Finbold, listed the top 10 biggest fines paid by global banks with US institutions ...

IFM settles UK sexual harassment case

KANIKA SOOD  |  MONDAY, 15 APR 2019
... £270,000 or roughly $493,000. "IFM Investors and a former employee, Nathalie Abildgaard, have reached a settlement agreement in relation to Ms Abildgaard's Employment Tribunal claim including her claims for sexual harassment, constructive dismissal ...

New Government body to advance financial literacy

JAMIE WILLIAMSON  |  MONDAY, 28 MAY 2018
An industry veteran and media personality will lead a new Federal Government body dedicated to the advancement of Australians' financial capability. Paul Clitheroe will chair the board of the new body, envisioned as Australia's peak group in ...
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