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Financial planning
Litigation funding group IMF Australia has been successful in receiving an exemption from ASIC from having to register several class actions as MISs, but group actions in...
Financial planning
Bongiorno Financial Advisers and State Trustees to pay more than $16 million in compensation to investors....
Financial planning
Financial services licensees must stop the merry-go-round of bad advisers, with the industry failing to add substance to the rhetoric of 'weeding out the bad apples'....
Financial planning
Dealer group Millennium3 won a recent court case against one of its former authorised representatives, Avoca Consultants, which it ejected after it failed to meet the gro...
Financial planning
Investors to be paid by Bongiorno after settlement of ASIC-initiated class action....
Financial planning
ASIC has granted transitional relief that will allow class action against groups including Great Southern to continue without disruption until at least the middle of next...
Financial planning
Professional Investment Services will draw on a $17 million fund it created in 2007 to cater for claims made against the company from Westpoint investors....
Financial planning
Litigation funders may rethink their class action opportunities against fund managers if they are required to register multi-party action as managed investment schemes....
Financial planning
Professional Investment Services has been ordered to pay $5.9 million to Westpoint investors....
Financial planning
ASIC have initiated civil proceedings in the Federal Court against the directors of Centro, including the company's CFO, on the basis of shortcomings in the group's 2007 ...
Financial planning
Australia's competition regulator has moved to punish a mortgage franchiser who claimed he had a special deal with the regulator....
Financial planning
Melbourne man faces Federal Court charges over allegations that he and his company sought to unlawfully raise in excess of $1.3 million by offering securities without a d...
Financial planning
The Australian Securities and Investments Commission has launched civil action on behalf of Westpoint investors against advisory firm Brighton Hall Securities....
Editorial
Financial planning companies and individual planners have been the subject of severe adverse findings by Financial Ombudsman Service panelists. ...
Financial planning
A deed of company arrangement that prevented investors from taking legal action against the group has been found by the Federal Court to be invalid....
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...