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Ex-iSignthis director to appeal $1M fine, disqualification
Appeals 2025-08-11 11:05 pm By Cat Fredenburgh

Former director of fintech iSignthis, John Karantzis, plans to appeal a ruling that slapped him with a $1 million penalty and disqualification orders for allegedly providing misleading information to shareholders. 

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Sunshine Loans’ case over judge’s recusal to be heard by High Court
Appeals 2025-08-08 11:33 pm By Christine Caulfield

The High Court will hear an appeal by Sunshine Loans, which centres on a judge’s recusal in the corporate regulator’s case over unauthorised fees.

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PE firm Goldstone can’t appeal oppression ruling before damages
Financial Services 2025-07-31 11:55 pm By Cindy Cameronne

Private equity firm Goldstone has lost its bid to lodge an appeal before damages are determined, after a judge found  it invalidly terminated its managing director’s employment for standing in the way of a deal with her business partner’s son.

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Banks to repay $93M to low income customers, but CBA a holdout
Financial Services 2025-07-29 11:52 pm By Andy Sidler

Banks have agreed to refund low income customers a total of $93 million in excessive fees following an investigation by ASIC, but the Commonwealth Bank has refused to make $270 million in further repayments.

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Class action probe claims $1B ‘wipeout’ from Keystone, Falcon funds
Class Actions 2025-07-24 11:25 pm By Sam Matthews

A law firm is looking into a potential class action on behalf of investors who pumped $1 billion of their superannuation into two failed funds, amid fears by ASIC of “catastrophic” losses.

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ASIC loses appeal in crypto case against Finder
Cryptocurrency 2025-07-24 11:55 pm By Cindy Cameronne

The Full Court has rejected ASIC’s appeal of a ruling that fintech Finder did not need a financial services licence to sell its defunct cryptocurrency product, saying the product did not involve a debt for money. 

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Westpac can shield Allens docs in money laundering class action
Class Actions 2025-07-24 11:55 pm By Andy Sidler

Westpac can shield reports prepared by Allens from a class action over money laundering compliance, with a judge finding they were produced predominantly in defence of AUSTRAC action that preceded the case.

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‘News to me’: Judge slams HSF partner’s claim that subpoenaing witness not good practice
Insurance 2025-07-22 11:42 pm By Andy Sidler

A judge has slammed a Herbert Smith Freehills Kramer partner’s submission that it is not good practice to subpoena witnesses in complex litigation — saying this was “news to [her]” — and rejected client AMP’s bid to have a key witness testify from an Airbnb.

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ASIC takes another company to court over cyber risk management
Privacy & Cybersecurity 2025-07-22 11:28 pm By Andy Sidler

The Australian Securities and Investments Commission is taking a third swing at cyber enforcement proceedings, suing financial planner Fortnum Private Wealth after a breach saw the data of 9,000 clients published to the dark web. 

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Ord Minnett settles exec’s suit over $110K pay cut following ASIC penalty
Employment 2025-07-22 11:39 pm By Cat Fredenburgh

Ord Minnett has resolved a suit by a former exec claiming he was sacked for complaining about a $110,000 pay cut imposed after ASIC slapped the wealth management firm with a $880,000 penalty for breaching market integrity rules.

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