The Australian Securities and Investments Commission has cancelled the Australian financial services licence of Wealth & Risk Management, following a court finding that t...
As an embattled AMP faces multiple legal actions, the company has said that it “intends to vigorously defend the proceedings” filed against it....
The Australian Securities and Investments Commission (ASIC) has commenced proceedings against financial adviser Graeme Walter Miller and his related businesses....
The Federal Court has ordered the wind up of an illegal investment scheme known as the VKK Investments Unit Trust and the trustee and operator of that scheme, Gem Managem...
The Australian Securities and Investments Commission has applied to the Federal Court for the appointment of a liquidator to Superfunded, amid various allegations of misb...
The Federal Court has slapped three companies with fines totalling $7,150,000, finding that they engaged in multiple contraventions of financial services and consumer pro...
The Australian Securities and Investments Commission obtained interim injunctions from the Federal Court against Superfunded and its sole director and shareholder....
NSG Services has faced a civil penalty of $1 million by the Federal Court in the first breach of the best interest duty....
ASIC has commenced civil penalty proceedings against Westpac for breaching home-loan responsible lending laws....
An application made by a former AMP planner to restrain ASIC from making a banning decision has been dismissed by the Federal Court....
ASIC has initiated court action against Westpac Banking Corporation over alleged manipulation of the bank bill swap rate....
Victims of the collapse of Storm Financial will not get a second chance to pursue ASIC over perceived failures to publicise concerns about the advice business....
Provisional liquidators have been appointed to wind up five companies suspected of operating a ‘Ponzi scheme’, in a case involving two of Australia’s biggest banks....
Clients of a bankrupt ‘financial adviser’ will be able to commence and take fresh proceedings against her at a later date....
The assets of three investment companies have been frozen, following an investigation by ASIC surrounding the improper disclosure of publicly solicited funds....
trustees are already requesting such confirmations when advisory fees (even via fixed term agreements) are deducted from...
CSLR should be broken down into 2 sub sectors, one for product manufacturers and one for financial advisers. Product ma...
We must stand up and show our opposition to both the ASIC Levy and CSLR as they both contribute to the high cost of advi...