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Showing 131 - 140 of 150 results for "JAN 2019"

ASIC bans financial planner in the west

The Australian Securities and Investments Commission (ASIC) has permanently banned Geoffrey Sanders from providing financial services after it determined there was a realistic likelihood he would not adhere to financial services laws in the future. ...

Third operator of early release super scheme punished

The Australian Securities and Investments Commission (ASIC) has obtained Federal Court orders against Raymond Heard, the third operator of early release superannuation schemes that illegally freed up over $3.5 million of Australian superannuation benefits. ...

Zurich gives ASIC and APRA enforceable undertaking

The Australian Securities and Investments Commission (AISC) and the Australian Prudential Regulation Authority (APRA) have both accepted an enforceable undertaking from Zurich Financial Services Australia (ZFSA) and its fully owned subsidiary Zurich ...

ASIC moves against a high-yield investment scheme.

ASIC will wind up a high yield investment scheme operated by Shane William Hoy of Kuraby and his companies BG Investments International Pty Ltd and Pathlawn Pty Ltd. Hoy through his companies offered investors the opportunity to invest in a high-yield ...

Federal Court reconsiders KordaMentha remuneration claim

Based on Australian Securities and Investment Commission (ASIC) submissions to a Federal Court of Australia review of a $2.856 million payment made to Stockford Administrators KordaMentha the Court has ordered a committee of inspection consider the ...

ASIC cracks down on early access to superannuation scheme

ASIC has acted against unlicensed superannuation adviser Troy Graetz and his companies Super Release Pty Ltd and Intelligent Super Pty Ltd from operating businesses promoting early access to superannuation. The action prevents Graetz from providing ...

Primelife's settlement with ASIC comes at a high price

ASIC has reached a settlement with Primelife with regards to 20 allegedly unregistered management investment schemes including a payment of up to $600,000 to meet ASIC's legal costs and up to $1 million to cover independent accountant reports. In September ...

Clearview and MBF Life agree to correct unit pricing errors

Clearview Life Nominees and MBF Life, in cooperation with the Australian Prudential Authority (APRA) and ASIC, have both agreed to correct errors pertaining to the unit prices of some life insurance and superannuation products. The errors relate to ...

Colonial Mutual to fix unit pricing errors

Three arms of Colonial Mutual, The Colonial Mutual Life Assurance Society (CMLA), Colonial Mutual Superannuation (CMS), and Commonwealth Custodial Services (CCS), have given ASIC an enforceable undertaking to correct errors contained in the unit-linked ...

Fincorp feels ASIC's displeasure

Financial watchdog ASIC has filed proceedings in the NSW Supreme Court against the heavily publicized Fincorp Investments. ASIC is alleging that Fincorp offered securities under a replacement prospectus, which contained misleading or deceptive statements ...