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ASIC to sue ANZ over $35M in fees at centre of two class actions
ASIC 2019-07-25 4:34 pm By Miklos Bolza

The Australian Securities and Investments Commission is planning to sue ANZ over $35 million in allegedly illegal customer fees, which were also at the centre […]

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ASIC bans celebrity financial adviser Sam Henderson for 3 years after surveillance sting
Financial Services 2019-07-24 3:20 pm By Miklos Bolza

Former finance guru and TV personality Sam Henderson has been banned from providing financial services for three years after an ASIC surveillance operation and shock […]

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Pitcher Partners can’t escape $5.6M judgment over concealed accounting botch job
Appeals 2019-07-23 1:23 pm By Christine Caulfield

Pitcher Partners has lost its challenge to a ruling socking it with a $5.6 million bill for an accounting error concealed from client Neville’s Bus […]

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APRA calls for changes to executive pay to curb misconduct
Financial Services 2019-07-23 12:55 pm By Cat Fredenburgh

Certain executives of Australian companies might have to wait seven years to have their bonuses paid out under proposed changes to executive remuneration introduced by […]

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Judge urges Grant Thornton to consider Chinese wall in KPMG class action settlement
Class Actions 2019-07-22 10:10 pm By Amelia Birnie

The settlement of the Discovery Metals investor class action against KPMG has experienced another setback, after scheme administrator Grant Thornton flagged a potential conflict of […]

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Blue Sky settles case against former directors over alleged raid on database
Financial Services 2019-07-22 3:53 pm By Christine Caulfield

Blue Sky Alternative Investments has reached a confidential settlement of its case against three former directors and two investment firms over an alleged raid on […]

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Fitch settles investor class action over credit ratings on toxic SCDOs
Exclusive 2019-07-19 10:56 am By Christine Caulfield

Fitch Ratings has agreed to settle the last of the investor class actions in Australia flowing from the global financial crisis, a court heard Friday. […]

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ASIC wants ban on unsolicited insurance sales calls
Insurance 2019-07-18 4:03 pm By Amelia Birnie

The corporate watchdog has proposed a complete ban on unsolicited telephone sales of life insurance and consumer credit insurance, as an urgent placeholder ahead of […]

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Liquidator admits ‘significant deficiencies’ and agrees to 10-year ban
Restructuring & Insolvency 2019-07-17 10:07 pm By Miklos Bolza

Veritas Advisory liquidator David Iannuzzi has admitted to “quite significant deficiencies” in his conduct as a liquidator and agreed to a 10-year ban from serving […]

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APRA to get new super powers to crack down on rogue funds
Financial Services 2019-07-17 7:09 pm By Amelia Birnie

The Australian Prudential Regulation Authority will be given a raft of new disqualification powers over inappropriate directors and senior executives, after a report criticised the […]

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