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Financial planning
The Australian Securities and Investments Commission (ASIC) has commenced proceedings against financial adviser Graeme Walter Miller and his related businesses....
Financial planning
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...
Superannuation
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...
Policy & Regulation
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...
Superannuation
The Australian Securities and Investments Commission obtained interim injunctions from the Federal Court against Superfunded and its sole director and shareholder....
Financial planning
NSG Services has faced a civil penalty of $1 million by the Federal Court in the first breach of the best interest duty....
Financial planning
ASIC has commenced civil penalty proceedings against Westpac for breaching home-loan responsible lending laws....
Financial planning
An application made by a former AMP planner to restrain ASIC from making a banning decision has been dismissed by the Federal Court....
Policy & Regulation
ASIC has initiated court action against Westpac Banking Corporation over alleged manipulation of the bank bill swap rate....
Financial planning
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....
Funds management
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....
Financial planning
Clients of a bankrupt ‘financial adviser’ will be able to commence and take fresh proceedings against her at a later date....
Funds management
The assets of three investment companies have been frozen, following an investigation by ASIC surrounding the improper disclosure of publicly solicited funds....
Policy & Regulation
An unregistered ‘tax agent’ who operated his business under H&R Block’s tax agent numbers without the accounting group’s permission, has been fined $900,000....
Financial planning
Sandhurst Trustees will face a class action brought by Wickham Securities investors after being ordered to hand over documents that may show it failed in its obligations ...
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Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...