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Can advisers challenge AFCA determinations?

An AFCA determination may be binding, but there is an alternative way for financial advisers to progress if they disagree with an outcome.

Australia , France , Australian , Justice-ocallaghan , Nextgen-financial-group , Australian-financial-complaints-authority , Money-management ,

How advisers can challenge AFCA determinations

An AFCA determination may be binding, but there is an alternative way for financial advisers to progress if they disagree with an outcome.

Australia , France , Australian , Justice-ocallaghan , Australian-financial-complaints-authority , Nextgen-financial-group , Money-management ,

NextGen Financial Group enters liquidation

NextGen Financial Group has formally entered into liquidation after losing a Federal Court case regarding an unpaid $270,000 Australian Financial Complaints Authority determination.

Australia , Australian , Joseph-loebenstein , Ian-williams , Peter-daly , Paul-raftery , Justice-ocallaghan , Wjv-drakoulis-super-pty-ltd , Loebenstein-insolvency-services , Australian-financial-complaints-authority , Nextgen-financial-group , Wjv-drakoulis-super-fund

NextGen Financial Group forced into liquidation

After ignoring an Australian Financial Complaints Authority (AFCA) determination, which was then escalated to the Federal Court, NextGen Financial Group is now in the process of winding up.

Melbourne , Victoria , Australia , Australian , David-noel-ruthenberg , David-mario-valvo , Martin-lowe , Keith-robert-mcdermott , Selina-nutley , Justice-ocallaghan , Australian-financial-complaints-authority , Nextgen-financial-group-holdings

NextGen Financial Group to be wound up

After seeing dwindling numbers of advisers and losing a Federal court case regarding an unpaid AFCA determination, NextGen Financial Group is to be wound up.

Ian-williams , Peter-daly , Paul-raftery , Justice-ocallaghan , Wjv-drakoulis-super-pty-ltd , Nextgen-financial-group , Federal-court , Justiceo-callaghan , Drakoulis-super-pty-ltd , Wealth-data , Linchpin-capital , Genesis-financial

NextGen ordered by court to pay $270k for inappropriate advice

NextGen Financial Group has been ordered by the Federal Court to pay an SMSF trustee $270,000 over an unpaid AFCA determination regarding inappropriate financial advice. In August 2016, WJ & V Drako

Australia , Australian , Justice-ocallaghan , Australian-financial-complaints-authority , Federal-court , Nextgen , Rdered , Ourt , Ay , 70k , Nappropriate , Dvice

NextGen ordered by court to pay $270k for inappropriate advice

NextGen Financial Group has been ordered by the Federal Court to pay $270,000 to an SMSF trustee over an unpaid AFCA determination regarding inappropriate financial advice.

Australia , Australian , Justice-ocallaghan , Wjv-drakoulis-super-fund , Australian-financial-complaints-authority , Wjv-drakoulis-super-pty-ltd , Nextgen-financial-group , Federal-court , Drakoulis-super-pty-ltd , Drakoulis-super-fund ,

The Holistic Trader crypto influencer Michael Watkins ordered to pay $30,000 after defamation case over negative Trustpilot review backfires

A cryptocurrency investor who sued a Perth woman for posting a negative review of his trading business on the website Trustpilot has been ordered to pay more than $30,000.

London , City-of , United-kingdom , Melbourne , Victoria , Australia , Tatana , Tasmania , Justice-ocallaghan , Justice-david-ocallaghan , Michael-watkins , Lachlan-molesworth

ACCC and Mazda chalk up a win and a loss in Federal Court appeals

The Federal Court has dismissed an appeal by the ACCC in a case that alleged Mazda had engaged in “unconscionable conduct” over certain warranty claims.

Australia , Sydney , New-south-wales , Japan , Japanese , Australian , Justice-ocallaghan , Joshua-dowling , Liza-carver , Volkswagen , Consumer-commission , News-corp-australia