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Showing 111 - 120 of 129 results for "ASIC for"

ASIC enforces AFSLs for margin lenders

ASIC RELEASE  |  TUESDAY, 2 FEB 2010
... Financial Services license - or face closing shop. Existing margin lenders and advisers on margin loans must apply to ASIC for an AFSL authorisation between 1 February 2010 and 30 June if they intend to continue to provide a margin lending financial ...

Chartwell execs face criminal charges

ASIC RELEASE  |  WEDNESDAY, 12 AUG 2009
Two executives of Chartwell Enterprises are facing a combined 243 charges brought by ASIC for the $60 million collapse of the Geelong-based investment firm. Queensland police yesterday arrested the former executive of collapsed investment firm Chartwell ...

ASIC flags end-of-year signposts

RUTH LIEW  |  MONDAY, 29 JUN 2009
The financial services watchdog ASIC is calling on listed financial services companies to provide more disclosure on their 'going concern' assumptions, asset valuations and hedging arrangements when they file their 30 June 2009 financial reports. Following ...

SMSF trustee fails sole purpose test

RUTH LIEW  |  WEDNESDAY, 12 NOV 2008
SMSF trustee Gerard Karl Little has been charged by ASIC for failing the sole purpose test after he obtained early access to funds and pocketed $685,000 in commissions. Little, of Castlecrag, New South Wales, appeared in the Downing Centre Local Court ...

SMSF trustee faces criminal charges

RUTH LIEW  |  WEDNESDAY, 6 AUG 2008
Castle Hill resident Atan Ona Kassongo has become the first SMSF trustee to be charged by ASIC for failing to maintain the fund in accordance with the sole purpose test. Kassongo, 51, was charged by the Australian Securities and Investments Commission ...

ASX listing breaches hit 13pc

RUTH LIEW  |  MONDAY, 30 JUN 2008
... suggests possible insider trading or a failure to meet continuous disclosure obligations, ASX will refer the matter to ASIC for possible investigation and enforcement," said Mayne. Meanwhile the minister of superannuation and corporate law, senator Nick ...

Mezzanine finance conman hits Hillsong Church investors

NSW based property developer Robert John Orehek is to face trial on 30 criminal charges brought by ASIC for misappropriating money from investors most of whom were from the Hillsong Church in Castle Hill. Orehek will stand trial on three counts of fraudulent ...

AIOFP forms Westpoint Recovery Fund

An estimated 4,000 investors are reported to have been caught out in the $300 million Westpoint sinkhole after ASIC forced it to shut down its finance companies Ann Street Mezzanine and York Street. But the finger pointing has intensified with Westpoint ...

ASIC comes down on financial services fraud

... on a business he had bought. Also in the Courts last week, a Victorian man has pleaded guilty to two charges laid by ASIC for misusing his positional as company officer to gain an advantage for another. Peter Pajazit Agushi, a one time director of Melbourne ...

Fincorp pulled up by ASIC for misleading advertising

Another advertising campaign has been pulled up by ASIC this week, this time with the retail based financial group Fincorp Investments being issued with an Enforceable Undertaking for misleading statements. Fincorp's advertising campaign, which appeared ...