The director of collapsed Kingscliff-based hedge fund Goldsky has pleaded guilty to five charges of dishonest conduct.
A judge has refused Nine’s bid to file a defence which he found was replete with unsupported allegations against Euro Pacific Bank boss Peter Schiff, but has given the broadcaster another chance to argue that defamatory allegations it made against Schiff in a 60 Minutes episode were true.
Fund manager Pendal Group has fended off calls to produce documents two months out from trial in a case by a portfolio manager who alleges he was threatened with termination while on stress leave, and later made redundant.
Gold Coast ‘finfluencer’ Tyson Scholz has been permanently barred from conducting a financial services business without a license, after a court found he provided illegal financial services by giving tips on his Instagram account and to customers who paid for access to his seminars and ‘Black Wolf Pit’ chat room.
Latitude Financial will not pay a ransom demanded by criminals after 14 million customer records were stolen in a “malicious” cyberattack.
ASIC has cancelled Binance Australia’s financial services licence at the request of the crypto exchange amid a review of the exchanges’ classification of retail clients.
A judge overseeing a superannuation class action against two Westpac units that settled for $30 million has expressed concerns about the ATO’s potential involvement in distributing settlement funds, saying the department was unlikely to efficiently reunite group members with their money.
Dominique Grubisa has denied the Australian Competition and Consumer Commission’s allegation that she misled consumers about her wealth management courses, arguing the claims that owners could sell their homes but retain equity were “substantially true”.
The Australian Securities and Investments Commission has won its case against four Linchpin Capital directors after a judge found they duped their clients into lining the directors’ pockets and benefitting the parent company.
The competition regulator has cast doubt on the public interest argument for the proposed $4.9 billion ANZ, Suncorp tie-up, saying Tuesday the nature, likelihood and extent of the touted benefits had not been substantiated.