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Showing 1 - 10 of 48 results for %22Westpoint Group%22

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 ...

Planner numbers drop on FoFA changes

ALICE URIBE  |  FRIDAY, 17 MAY 2013
... due to structural changes. "There is lots pressure from regulatory change, the GFC and major product failures such as Westpoint which have affected the reputation of planners," he said. De Gori also pointed the fact that the advice population is ageing ...

ASIC drops charges against Westpoint directors

MARK SMITH  |  WEDNESDAY, 15 MAY 2013
Proceedings against former Westpoint directors Norman Carey and Graeme Rundle have collapsed after the regulator discovered a surprise document, two weeks into the trial. The Australian Securities and Investment Commission (ASIC) said it had disclosed ...

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 ...

Westpoint directors face charges

ELISE BURGESS  |  MONDAY, 4 JUL 2011
Directors from collapsed property investment brand Westpoint will face charges and a possible jail sentence for their role in the company's downfall. Norm Carey and Graeme Rundle are facing two criminal charges each as a result of an investigation by ...

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 ...
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