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Former Ord Minnett wealth adviser barred from soliciting clients
Employment 2023-10-25 6:17 pm By Sam Matthews

A judge has granted wealth manager Ord Minnett’s bid for injunctions preventing a former senior wealth adviser from soliciting its clients. In a decision handed […]

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ASIC loses case against super trustee Diversa over banned advisor
Financial Services 2023-10-24 10:27 am By Sam Matthews

A judge has dismissed court proceedings brought by the corporate regulator against superannuation trustee Diversa over its alleged failure to oversee a now-banned financial adviser, […]

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Class action investigation over risky CFDs aimed at broker IC Markets
Financial Services 2023-10-24 3:49 pm By Christine Caulfield

Contracts for difference are again the target of a potential class action against an online broker on behalf of inexperienced investors who allegedly lost hundreds […]

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Citibank wants class closure before evidence in rate-rigging case
Competition & Consumer Protection 2023-10-23 11:43 pm By Cindy Cameronne

Citibank has argued group members should be asked to sign on to a class action accusing five major banks of entering a cartel agreement to […]

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Former PwC partner at centre of tax leaks scandal banned by ASIC
Financial Services 2023-10-20 3:39 pm By Christine Caulfield

PricewaterhouseCoopers’ former head of international tax Peter-John Collins has been banned by the corporate regulator from providing financial services for eight years. Collins was at […]

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Wealth guru Dominique Grubisa wins appeal of banning orders
Financial Services 2023-10-19 11:01 pm By Cindy Cameronne

Embattled wealth guru Dominique Grubisa has succeeding in overturning banning orders from the corporate regulator, with a tribunal finding she did not pose a threat […]

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ASIC seeks urgent orders barring payday lenders from enforcing ‘harmful’ loan contracts
Financial Services 2023-10-11 4:00 pm By Cindy Cameronne

The Australian Securities and Investments Commission is seeking to restrain payday lenders Cigno and BSF Solutions from enforcing loan fees against 10,000 customers. The civil […]

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Top Dick Smith execs drop High Court appeal against receivers
Restructuring & Insolvency 2023-10-10 11:02 pm By Christine Caulfield

Two former Dick Smith executives have settled with the receivers of the defunct electronics retailer, dropping a High Court appeal over an $11.8 million ruling. […]

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NAB ‘obliged’ to charge adviser fees at issue in class action, court told
Trials 2023-10-10 10:10 pm By Cindy Cameronne

NAB unit NULIS Nominees was not only allowed to charge superannuation fund members fees for adviser commissions, it was “obliged” to do so, a court […]

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Benjamin Hornigold sues ex-directors, investment manager over $4M in loans
Financial Services 2023-10-10 3:25 pm By Cindy Cameronne

Investment fund Benjamin Hornigold has sued two former directors and its investment manager John Bridgeman Limited over a decision to enter into $4 million in […]

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