New court case for PIS
A case has been filed in the Federal Court against Professional Investment Services (PIS) and one of its authorised representatives.
The applicant, Marcia Edwards, filed orders in the Victorian registry of the Federal Court in the week before Christmas relating to alleged misleading and deceptive conduct. PIS is the first respondent, with the second respondent being PIS-authorised representative Nicholas Athanasiadis.
Athanasiadis is a Melbourne-based PIS representative who has been authorised under PIS’ licence since 2005.
First directions last week were adjourned pre-hearing, with PIS and Athanasiadis required to file defences by March 5, 2010. The proceedings have been referred to mediation, with mediation to be concluded by April 31 this year and the directions hearing adjourned until June.
PIS currently has five cases open against it in the Federal Court.
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