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Showing 91 - 100 of 131 results for "Jan."

Liquidator gets 12 month suspension

Sydney liquidator Ronald Dean-Wilcocks has been suspended for 12 months from working as a liquidator after he failed to disclose conflicts of interest to his clients. Dean-Wilcocks challenged the suspension handed down in April this year but this was ...

Broker gets jail term for forgery

A former options advisor and stockbroker has been sentenced to two and a half years in prison on 27 forgery charges and for trading $1.28 million worth of his clients' shares without their knowledge. In a case bearing some resemblance to the now infamous ...

Former NAB adviser gets 8 years

HAMISH MADDEN  |  MONDAY, 6 NOV 2006
A former National Australia Bank (NAB) financial planner has been jailed for eight years for dishonesty and fraud relating to nearly $6 million of misappropriated funds. Following an Australian Securities and Investments Commission (ASIC) investigation ...

Property promoter gets life ban and $1.1m penalty

Donald Maxwell, a promoter of illegal mezzanine fund schemes, has been ordered to pay $1.122 million in compensation and penalties and has been disqualified from providing financial services for life. Maxwell was the principal promoter for two failed ...

Super roll-over promoter to serve time

HAMISH MADDEN  |  MONDAY, 25 SEP 2006
A Gold Coast superannuation scheme promoter has been sentenced to jail for his part in dishonestly advising clients on the use of rolling over preserved benefits and putting the funds towards the purchase of a home. Rocco Ferrantino entered a guilty ...

Advice scam nets accountant 8 years inside

HAMISH MADDEN  |  TUESDAY, 19 SEP 2006
An accountant who fleeced nearly $1 million from investors through his financial advice business has been jailed for eight years. Piet Walters was found guilty of 14 charges of dishonesty relating to $972,000 given to his Drury Management business in ...

Another Elm associate banned by ASIC

HAMISH MADDEN  |  TUESDAY, 11 JUL 2006
The Australian Securities and Investments Commission (ASIC) has banned a financial adviser associated with the failed Elm Financial Services group for three years for his part in convincing a couple to invest $1 million in a failed product. Sydney adviser ...

Directors banned over unregistered schemes

Two directors of Atlantic 3 Financial have been banned from managing a corporation following applications made by the Australian Securities and Investments Commission (ASIC). Dr Fredric Acker was banned for 10 years by the Supreme Court of Queensland ...

Investors get money back from failed mortgage scheme

HAMISH MADDEN  |  WEDNESDAY, 31 MAY 2006
Thirty-seven Queensland investors have recovered money invested in a failed solicitor's mortgage scheme which the Federal Court found negligently and deliberately misled them. Led by the Australian Securities and Investments Commission (ASIC), the class ...

Super adviser loses license after ASIC super switching survey

A Sydney-based superannuation advice specialist has lost its license after the Australian Securities and Investments Commission's (ASIC) 'super switching' survey found it breached several compliance obligations. ASIC has revoked the license of SMS Advising ...