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Westpac settles class action over alleged Ponzi scheme
Banking giant Westpac has settled an investor class action brought by Levitt Robinson for its alleged role in an unregistered managed investment scheme.
Judge spurs ASIC to mediate in NAB fees for no service case
A judge has pushed the Australian Securities and Investments Commission into mediation with two NAB wealth management units in its case over $100 million in fees for no service, despite the regulator's contention that mediation is not the best way to move the case forward.