ASIC closes doors on Storm charges with two finesBY ALEX BURKE | FRIDAY, 23 MAR 2018 12:38PMNearly a decade after ASIC began its investigation into Storm Financial, two directors have been fined $70,000 each for breach of duties. Related News |
Editor's Choice
Super Members Council appoints inaugural chair
|The Super Members Council (SMC) will soon welcome Ann Sherry as its first chair.
Generation Development Group to take over Lonsec
|Lonsec Holdings will have a new parent company as Generation Development Group (GDG) is due to acquire the remaining stake in the research and ratings house.
Equip Super names chief experience officer
|Equip Super appointed its inaugural chief experience officer (CXO), previously at legalsuper.
APRA warns entities on adequacy of backup systems
|APRA has reminded its regulated entities of the need to remain vigilant when it comes to cyber resilience, identifying the use of data backups as a weak spot.
Further Reading
Sponsored by | Know the facts about lifetime annuitiesSaving for a happy retirement is Australia's #1 financial goal. Learn how LifeIncome can deliver more income, certainty, & choice. |
Products
Featured Profile
Jason Huljich
JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
10 years later & only a 70k fine. As an industry participant who has dealt with clients that were directly affected I can say I'm disgusted completely.
As advisers we have a duty of care. Now all clients suffer through onerous regulation & paperwork because of the failings of this business. 70k each - how much did they make off their exorbitant entry fees?
ASIC you've let the adviseing community down - again.