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Online trading platform Plus500 is challenging a court ruling that investors who lost money on highly leveraged contracts for difference can proceed with their class action despite signing arbitration clauses.
A judge ordered Westpac's CEO to front court over the "unconscionable" actions of mortgage subsidiary St George Bank in refusing to reverse an adverse credit record from a customer short $44.11 on her mortgage payments.
Ex-Keystone director Paul Chiodo has failed in his fight against subpoenas by receivers over bank statements, despite arguing they were a fishing expedition aimed at clawing back investor funds.
Ahead of a first case management hearing this month, superannuation fund trustee Equity Trustees has hit back at ASIC’s action over member's investment in the now defunct Shield fund, saying the regulator failed to warn it.
A former director of two marketing companies linked to the failed Shield and First Guardian funds can leave Australia for 12 days, despite ASIC’s concerns he is a flight risk.
The law firm running a no win, no fee class action against ANZ and superannuation trustee OnePath has defended a $1.7 million cut from a $50 million settlement to cover an after-the-event insurance policy.
Ex-Keystone director Paul Chiodo is fighting a bid to subpoena his personal bank statements, arguing receivers are fishing for potential claims against him as they look to claw back $480 million in investor funds.
In its latest move over the $1 billion collapse of investment funds linked to Keystone and Falcon Capital, the corporate regulator has banned another MWL Financial adviser who touted Keystone's Shield Master Fund.
Judo Bank has failed to secure an injunction against a disgruntled customer who launched a billboard campaign against it amid a dispute about a loan for a $65 million property.
Fixed income specialist FIIG Securities has been ordered to pay $2.5 million for cybersecurity failures which led to a cyberattack that exposed the data of 18,000 clients, the first penalty of its kind secured by ASIC.