Articles tagged with 'Westpoint'

ASIC nabs another Westpoint adviser

16 October 2008 | Claims he misled clients and made inappropriate recommendations.


Big test for ASIC in KPMG prosecution

14 October 2008 | The role of auditors and powers of regulators to be put to the test.


Burnard sentence appealed

3 October 2008 | CDPP, ASIC not satisfied.


Westpoint promoter sentenced

25 August 2008 | Neil Burnard receives 12-month suspended jail term.


Westpoint promoter sentenced

25 August 2008 | Neil Burnard receives 12-month suspended jail term.


Westpoint adviser banned

29 July 2008 | Gold Coast adviser banned from providing advice for eight years.


Another Westpoint adviser in court

14 May 2008 | North Sydney-based director in hot water.


Westpoint promoter found guilty

7 May 2008 | Jury delivers verdict on nine criminal charges.


Overnight MarketWatch

7 May 2008 | US stocks staged a rally despite record high crude prices and larger than expected quarterly losses at some of the top financials.


ASIC moves against Westpoint entities

17 March 2008 | Court orders for asset preservation.


Another blow for Westpoint directors

1 February 2008 | ASIC seeks limited travel orders for directors.


ASIC bans two Sydney advisers

7 January 2008 | Two advisers banned over Westpoint products.


ASIC action set to stymie FICS

14 December 2007 | The decision by ASIC to take legal action on behalf of Westpoint investors has thrown into jeopardy 40 complaints to the Financial Industry Complaints Service.


Westpoint aftershocks continue

2 November 2007 | ASIC bans Sydney adviser.


Westpoint promoter to face criminal charges

14 September 2007 | Neil Burnard committed to stand trial next month.


FPA expels planner and bans principal member

26 February 2007 | The Financial Planning Association has meted out the most severe punishment against a Western Australian-based planner and planning practice regarding advice about Westpoint investments.


A clear direction for the regulator

7 December 2006 | Abstract Long


Top of the dealer group tree this year

2 November 2006 | Abstract Long


PWC warns of ‘risk gap’

4 August 2006 | Recent events such as the Westpoint collapse are a reminder that the risk chain in the financial services industry is only as strong as its weakest link, according to a study conducted by major accounting firm PricewaterhouseCoopers.


ASIC acts on Westpoint-related firm, insurance broker

21 June 2006 | The corporate regulator has applied for orders to have another company linked to the Westpoint Group wound up and has separately brought charges against a Tasmanian insurance broker.


Court ruling clouds promissory notes status

16 June 2006 | ASIC has lost a minor legal round in proceedings involving the collapsed Westpoint Group following a decision by the Western Australian Court of Appeal.


Kebbel tip-off sparks urgent ASIC action

5 June 2006 | The corporate regulator has urgently sought orders to restrain the sole director of Palentia, a company formerly known as Kebbel, from leaving the country following a tip-off that the director of the company, which is feared to be insolvent, planned to leave Australia and take up residence in the USA.


KPMG denies blame for Westpoint

2 June 2006 | Auditor KPMG has defended itself against claims that it had some responsibility for the losses incurred by investors in the failed Westpoint group of companies.


Industry bodies team up on Westpoint investigation

30 May 2006 | The FPA is currently working in conjunction with financial regulatory and complaints bodies to determine how the Westpoint failure will affect its members.


PIS defends advisers over Westpoint

26 May 2006 | After last week revealing it would consider settling out of court with clients who lost funds in Westpoint’s failed products, Professional Investment Services has deflected responsibility away from advisers and played down any impact on the group.


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