With three months until trial, a judge has knocked back a former ANZ trader’s bid to appeal a decision which barred him from amending his case for what would have been the thirteenth time.
Blockchain mining company NGS Crypto has consented to orders sought by ASIC amid concerns that hundreds of Australians who sank $21.1 million into the business were misled about the safety of their investments. The Australian Securities and Investments Commission took NGS Crypto Group and its Australian subsidiaries to court, seeking orders winding up the companies,…
A class action alleging a conspiracy against collapsed investment fund Blue Sky continues to be whittled down, with a court giving the firm’s founder the green light to drop claims against a handful of defendants, including law firm Gadens and AFR publisher Nine.
NAB has agreed to pay a $15.5 million penalty for failing to respond to customer hardship notices, around half the size of the penalty ASIC is seeking against Westpac for similar breaches of the Credit Code.
The Australian Securities and Investments Commission has launched action against Australian Unity, alleging it pumped more than $9.5 million into a risky mortgage scheme without properly vetting investors.
The boss of defunct stockbroking firm BBY has been hit with criminal charges over the acquisition of $192 million shares in mining company Aquila Resources.
The lead applicant in a failed class action against ex-NAB super trustee NULIS Nominees has lost his bid to stay a costs order of some $12.5 million pending an appeal.
Westpac’s mortgage subsidiary RAMS Financial Group faces penalty proceedings by the corporate regulator after admitting to “widespread” misconduct.
ASIC has expanded its case alleging HSBC failed to protect customers from scams, revealing a compliance manager at the bank had found that teams tasked with monitoring unauthorised transactions “had no understanding” of the liability provisions in the ePayments Code.
An email to lawyers at Clifford Chance relied on to show investor Fiona Lock’s understanding of a contested $150 million profit sharing deal with trading platform Pepperstone did not open the door to further correspondence.