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Showing 1451 - 1460 of 1614 results for "Investigation"

ASIC shuts down property investment companies

... March 2004 to fund the purchase of land and construction of a retirement village in Berwick, Victoria, during an its investigation into the two organisations. Investors had allocated money to the companies with the expectation their capital would be ...

ASIC winds up managed investment scheme

... Mercorella. ASIC alleges that the scheme is in breach of the Corporations Act 2001 (the Act) since 2002 with the investigation revealing Mercorella owes at least 78 investors about $56 million. Many investors became aware of Mercorella's managed investment ...

High yield investment scheme operator facing charges

... business without holding an Australian financial services licence (AFSL), and made false statements during an ASIC investigation. The Commonwealth Director of Prosecutions is handling the court action against Hoy. He was not required to enter a plea ...

ASIC nabs SMSF adviser

... PFS Group. Pitcher Partners has been appointed as provisional liquidator of the companies. ASIC is continuing its investigation on how the funds invested with the PFS Group have been used. "I would remind consumers considering setting up a SMSF to check ...

ASIC moves against unlicensed business

... in the Federal Court in Perth against David Alan Zohar and Swancove Enterprises Pty Ltd (Swancove) following an investigation into written advertisements and the operation of business without holding an Australian financial services licence. The written ...

Unlicensed financial adviser caught out

An Australian Securities and Investments Commission (ASIC) investigation has resulted in Donald Maxwell facing one charge of carrying on a financial services business without an Australian financial services license (AFSL). The regulator alleges Maxwell ...

Former financial adviser guilty of fraud

... company's use or benefit. The charges are the result of an Australian Securities and Investments Commission (ASIC) investigation into Smith's activities as a financial adviser working for his own company Mossbrook Pty Ltd, trading under the business ...

ASIC and APRA accept undertaking from AXA Australia staff plan

The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking from the trustee of the AXA Australia Staff Superannuation Plan in relation to the calculation ...

Former NAB currency trader appears in court

... as an employee and one charge of obtaining a financial advantage by deception. The charges are the result of an investigation by the Australian Securities and Investments Commission (AISC) into the alleged unauthorised foreign exchange trading at NAB. ...

Zurich gives ASIC and APRA enforceable undertaking

... the company's financial misstatement of reinsurance transactions. The enforceable undertaking comes after separate investigation by ASIC and APRA. The misrepresentations involve the incorrect accounting treatment of reinsurance transactions that led ...