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ASIC’s penalty against Squirrel Super ‘might be a bit light on’, court says
ASIC 2022-03-15 3:15 pm By Sam Matthews

A judge has questioned the $55,000 penalty jointly proposed by the parties in ASIC’s case against fintech company Squirrel Super over misleading statements about returns on property statements, saying it “might be a bit light on.”

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AMP may try to stay financial planner’s lawsuit in light of BOLR class action
AMP 2021-10-05 1:21 pm By Miklos Bolza

AMP has flagged a potential stay of a lawsuit filed by a Sydney-based financial planner against that overlaps with a class action brought by advisors alleging they suffered financial losses from changes in the company’s buyer of last resort policy.

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‘Bit of a stretch’: Judge looks dimly on Squirrel’s defence in ASIC case
ASIC 2021-03-12 4:30 pm By Cindy Cameronne

A judge has questioned fintech company Squirrel Super’s defence in ASIC’s case alleging it made false and misleading statements about returns on property investments, saying it “looked like a bit of a stretch” at first glance.

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