Charges have been laid against two financial services companies associated with investment promoter David Henty Sutton, who was slapped with a lifetime ban by the corporate regulator this year.
Former Dixon Advisory director Paul Ryan will ask the court for a suppression order protecting advice by a Big Six firm, as he defends ASIC’s claim that he failed to consider creditors when executing a deed that affected the company’s ability to recoup a $19 million debt.
A judge has blocked ASIC from running a new case seeking penalties against investment group M101 Nominees and founder James Mawhinney on remittal from the Full Court, after the regulator admitted it made errors at its initial trial.
A judge has rejected Facebook owner Meta’s request to pause a case by the Australian Competition and Consumer Commission over scam cryptocurrency ads until a private criminal action by mining magnate Andrew Forrest is decided.
A judge has dismissed court proceedings brought by the corporate regulator against superannuation trustee Diversa over its alleged failure to oversee a now-banned financial adviser, ruling that the knowledge of downstream entities could not be attributed to Diversa.
PricewaterhouseCoopers’ former head of international tax Peter-John Collins has been banned by the corporate regulator from providing financial services for eight years.
Embattled wealth guru Dominique Grubisa has succeeding in overturning banning orders from the corporate regulator, with a tribunal finding she did not pose a threat to consumers or the financial services market.
A judge has found that ANZ breached continuous disclosure rules by failing to disclose a $750 million bailout by underwriters Deutsche Bank, Citigroup and JP Morgan during its $2.5 billion equity capital raising in August 2015.
The Australian Securities and Investments Commission is seeking to restrain payday lenders Cigno and BSF Solutions from enforcing loan fees against 10,000 customers.
The former CEO of collapsed Sydney stockbroking firm BBY Limited has been charged with two counts of aiding, abetting, counselling or procuring fraud.