Search ResultsShowing 1 - 10 of 29 results for "Westpoint Group"
Westpoint investors to receive $1.5m
HARRISON WORLEY  |  WEDNESDAY, 20 MAR 2019
A class action launched by ASIC has seen $1.5 million return to investors in Westpoint Group. More than 200 former Wespoint investors who were members of a class action moved against Brighton Hall Securities by the corporate regulator will see $1.5 ...
ASIC achieves settlement for Westpoint investors
CLAIRE MCGREAL  |  MONDAY, 5 DEC 2011
A group of investors in the failed Westpoint Group stand to receive over $1.39 million in compensation in a settlement reached by ASIC against Queensland firm Strategic Joint Partners. ASIC started proceedings against Strategic Joint Partners (SJP) ...
ASIC warns CFOs after Westpoint sentencing
MATT WOODINGTON  |  MONDAY, 12 SEP 2011
... unlicensed advisers and one corporate entity for advice given in relation to Westpoint products. The collapse of the Westpoint Group in early 2006 caused investor losses of around $310 million. In February this year ASIC agreed to settle the compensation ...
ASIC strikes $67.45m in Westpoint settlement
MATT WOODINGTON  |  WEDNESDAY, 2 FEB 2011
... Australian Securities and Investments Commission (ASIC) has reached a settlement agreement, handing investors in the Westpoint Group an additional $67.45 million in compensation. The latest stage of the litigation process was carried out on behalf of ...
ASIC recovers $24m for Westpoint victims
ASIC RELEASE  |  FRIDAY, 17 SEP 2010
... regulator. The Glenhurst settlement, worth $2.5 million, is one of six reached by ASIC on behalf of investors in the Westpoint Group seeking compensation for their failed investments. The settlement will provide returns to 90 investors and payments have ...
ASIC reaches sixth Westpoint settlement
ASIC RELEASE  |  WEDNESDAY, 15 SEP 2010
... seek compensation for clients who invested in financial products issued by various companies within the failed Westpoint Group on the advice of Dukes. The claim alleges that Dukes negligently advised investors to invest in certain Westpoint products ...
KPMG challenges ASIC on Constitutional powers
ASIC RELEASE  |  THURSDAY, 20 MAY 2010
... accounts and should have told ASIC that it suspected breaches of Corporations Act were taking place within the Westpoint Group. The action was later transferred to the High Court in April this year with compensation claims of $200 million. ASIC's action ...
Investors get more from Westpoint settlement
ASIC RELEASE  |  WEDNESDAY, 19 MAY 2010
... for Glenhurst clients who invested in certain financial products issued by various companies within the failed Westpoint Group. These investments were made on the advice of Glenhurst or its representatives. The claim alleges that Glenhurst was negligent ...
Director charged in Westpoint case
ASIC RELEASE  |  MONDAY, 29 MAR 2010
... Mezzanine. Silver's conduct came to ASIC's attention through its broader investigation into the collapse of the Westpoint Group of Companies and via complaints received from the public. The Commonwealth Director of Public Prosecutions prosecuted the ...
Treasury proposes mandatory governance principles
MICHAEL HOBBS  |  TUESDAY, 9 MAR 2010
... (ASIC) accepted enforceable undertakings from three partners of KPMG's Perth office for their auditing work on the Westpoint Group of companies in August last year. Although Treasury perceives the auditing industry in a positive light, it said it will ...
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