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Showing 131 - 140 of 439 results for "Financial Services business"

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
A Perth woman has been permanently banned from running a financial services business, while the $11 million illegal investment scheme she ran will be wound up. Monica Kaur, through her business MKS Property Investments/Developments, encouraged around ...

Director charged over illegal investment scheme

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
... dishonest conduct, eight counts of dealing with proceeds of crime, and one count of carrying on a financial services business without an AFSL. From June 2019, Arandez was operated the business without a licence. Prior, he was licensed through SIRA Group ...

ASIC bans former Madison adviser

CASSANDRA BALDINI  |  TUESDAY, 6 JUN 2023
... will not be able to provide financial services, perform any function involved in the carrying on of a financial services business, and control an entity that carries on a financial services business, for five years. The ban was put in place last September ...

Sony to list financial services business

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
... intends to own a portion of SFGI about 20% or less when the listing eventuates. This is so that "the financial services business can continue to utilise the Sony brand, including in their company name, and continue to generate synergies with Sony Group ...

ASIC bans former Gleneagle fund manager

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... from providing financial services for naked short selling. Tolpigin is also banned from controlling a financial services business or performing any function involved in carrying on a financial services business as an officer. ASIC found Tolpigin engaged ...

Courtenay House affiliate faces prison

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
... promoter Athan Papoulias has been sentenced to two years' jail time for his role in the unlicensed financial services business. As part of his sentence, Papoulias will also complete 120 hours of community service. Papoulias pleaded guilty to one charge ...

Former director hit with dishonesty charges

ANDREW MCKEAN  |  WEDNESDAY, 22 MAR 2023
... alleged misconduct. Engaging in dishonest related to financial products or services while operating a financial services business can carry a maximum penalty of 15 years imprisonment. Alternatively, offenders may face a fine of up to $945,000 or three ...

ASIC bans mortgage broker for eight years

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... Sunshine Coast-based Childs from providing financial services, controlling an entity that carries on a financial services business, and performing any function involved in carrying on a financial services business. She has the right to appeal ASIC's ...

Unlicensed investor pleads guilty to fraud charges

CHLOE WALKER  |  FRIDAY, 24 FEB 2023
... relating to $1 million of investor money he spent for himself. A further two offences of carrying on a financial services business without a licence will also be considered by the Court, ASIC said. Following an ASIC investigation, Kamkolkar was found ...

ASIC permanently bans former advisers

CHLOE WALKER  |  TUESDAY, 14 FEB 2023
... barred from providing any financial services, performing any function involved in the carrying on of a financial services business, and controlling an entity that carries on a financial services business. The sole director of Sweeney Insurance Services ...