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ASIC bans advisers for directing clients to Keystone’s Shield Master fund
Two financial advisers who allegedly recommended a failed fund linked to Keystone Asset Management have been disqualified by the corporate cop.
In ANZ class action, court approves third settlement GCO without altering rate
In the third decision approving an unaltered group costs order at the resolution of a class action, a judge has OK'd an $85 million settlement by ANZ, representing a $21 million payday for Maurice Blackburn.
AMP hit with another class action over ‘inflated’ insurance premiums
AMP is facing a new class action alleging certain superannuation fund members were hit with inflated premiums over a five-year period, after arguing a similar matter was "in search of a case" more than four years after being filed. 
Mastercard slams ACCC’s novel push for communications with lawyers
Mastercard has pushed back on the ACCC's argument that it waived privilege over communications with lawyers, saying it would "take the law of waiver to a place it has never been before".
AUSTRAC orders audit of Western Union over AML/CTF concerns
AUSTRAC has ordered an external audit of international funds company Western Union after sounding the alarm about its compliance with anti-money laundering regulations. 
Debt management firm still MIA as ASIC trial looms
A judge has said an 11-day trial in ASIC's case against Solve My Debt Now will go ahead in December despite a third set of solicitors ceasing to act and no sign that the debt management firm will put on evidence. 
Ord Minnett wins appeal in fight with wealth advisor over wage entitlements
Stockbroking firm Ord Minnett has overturned a judgment finding it owed years of wages and other entitlements to a wealth adviser who was only paid in commissions.
ASIC wants $300M in penalties for forex broker’s ‘egregious’ conduct
The corporate regulator says defunct forex broker Union Standard and its agents should be hit with $300 million in penalties for their tactics in pressuring customers to trade in risky financial products. 
ASIC wins travel restrictions against Falcon Capital directors amid probe
The corporate regulator has secured travel restrictions and freezing orders against two directors of Falcon Capital as part of its investigation into its managed investment fund.
Fortrend sues Shaw pair again, this time over payment demands
Two Shaw & Partners advisers who won $580,000 in penalties and compensation against former employer Fortrend Securities face fresh litigation seeking to quash their demands for payment.