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Showing 1 - 10 of 612 results for %22High Court%22

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... tackling manipulation in energy and commodities derivatives markets has been an ASIC priority," ASIC deputy chair Sarah Court said. "Farmers use these contracts to manage wheat price fluctuations which can affect what Australians pay at the checkout." ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
ASIC has won a case against BPS Financial, following a Federal Court ruling that found the latter guilty of offering 'Qoin Wallet,' a non-cash payment facility that used the 'Qoin' cryptocurrency token, without an Australian Financial Services Licence ...

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
... take ASIC on," he said. "From time to time our powers are challenged in the courts, sometimes all the way up to the High Court. That's a resource-intensive activity." Longo said the regulator was overrun with complaints that do not fall under its remit ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... He said the $1.25 million penalty is intended to deter Lanterne from contravening the law in future, while not being "so high as to punish and be oppressive", noting Lanterne intends to continue operating.

Non-compete clauses come under the microscope

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... The use of non-competes and other restraint clauses is particularly prevalent in knowledge-based service industries, where high-skilled labour is a key determinant of firm success. The research found many firms appear to deploy restraint clauses indiscriminately. ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... allegations relating to statements about compliance with data-handling and cybersecurity obligations. These types of claims are high risk for consumer-facing organisations, especially those with a significant volume of personal and sensitive data-including ...

Best default super funds revealed

ANDREW MCKEAN  |  MONDAY, 4 MAR 2024
... also delivered a 11.2% return. However, over a three-year period ending January 31, the script flips: Mine Super's - High Growth investment option leads with an 8.5% return. TelstraSuper Corporate Plus - MySuper Growth followed at 8%, with Active ...

Count completes Diverger acquisition

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... functions, transition Diverger employees, and integrate its systems. "This new chapter for Count would enable it to offer high-quality, holistic financial services to more clients in Australia," he said.

'ASX Wolf' Tyson Scholz bankrupt in ASIC crackdown

ANDREW MCKEAN  |  FRIDAY, 1 MAR 2024
... boasts 116,000 followers on Instagram, has recently flaunted his lavish lifestyle on social media, posting videos from a high-end restaurant in Dubai and showcasing drives in a Rolls Royce. Additionally, he shared a message with his followers: "If there's ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
Senator Andrew Bragg has called for another Financial System Inquiry (FSI) to address "structural problems" in the twin peaks of financial sector regulation, ASIC and APRA. In his speech to the Financial Services Council (FSC), Bragg argued that "clear ...
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