On 19 March 2021, the Full Federal Court allowed an appeal in the matter of ACCC v Quantum Housing Group Pty Ltd [2021] FCAFC 40. The Full Court judgment provides important clarification of the elements required to establish statutory unconscionable conduct under s 21 of the Australian Consumer Law. The critical finding of the Full Court is that although some form of exploitation or predation upon some vulnerability or disadvantage will often be a feature of unconscionable conduct, it is not a necessary element of unconscionable conduct under s 21 of the ACL.
GameStop had become the focal point of a battle between retail traders on Redditâs r/wallstreetbets forum, who were using retail investor apps such as Robinhood, and Wall Street hedge funds who were betting on stocks falling in value.
At its peak, GameStop shares reached $482, before trading was restricted on the apps and shares plummeted to below $100 last month. A gamma squeeze on GameStop shares in late February and early March has pushed the price back to under $300.
Although many of the market settings that allowed what was dubbed âGamestonkâ to occur cannot happen on the Australian Securities Exchange due to how it is regulated, the controversy was being closely watched in Australia by Asic staff, according to emails and chat logs obtained under freedom of information laws by Guardian Australia.
How woman dodged bullet with Caddick | Tweed Daily News tweeddailynews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tweeddailynews.com.au Daily Mail and Mail on Sunday newspapers.
A woman poised to invest her money with conwoman Melissa Caddick “dodged a bullet” after feeling something was “a little off” with the supposed finance whiz.
A woman poised to invest her money with conwoman Melissa Caddick “dodged a bullet” after feeling something was “a little off” with the supposed finance whiz.