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Showing 1631 - 1640 of 2080 results for "Australian Securities"

Action against illegal investment schemes on the rise

The Australian Securities and Investments Commission (ASIC) has revealed the past financial year has witnessed a 25 per cent increase in actions to shut down illegitimate investment schemes. The regulator closed down 76 illegal investment schemes during ...

Property developer owing over $14M to investors appears in court

The Australian Securities and Investments Commission (ASIC) has brought 20 charges of breaching the Corporations Act against John Sage in the Melbourne Magistrates Court. The regulator alleges Sage provided prospective investors in the Victorian based ...

ASIC completes wind up of SMSF adviser

The Australian Securities and Investments Commission (ASIC) has completed a shut down of a self-managed superannuation adviser following earlier action taken by the regulator. Pitcher Partners has been appointed as the provisional liquidator for PFS ...

ASFA calls for super projections to assist 'under 40s' save

... of savings. Rules surrounding prospective financial information are currently very strict because of the Australian Securities and Investments Commission's (ASIC) concern that consumers may perceive this type of information to be akin to a guarantee ...

ASIC rubs out financial adviser

The Australian Securities and Investments Commission (ASIC) has imposed a permanent ban on Phillip Bates from providing financial services. Bates was a former employee of the National Australia Bank (NAB) Toowoomba Financial Services Centre but was ...

ASIC nabs planner and catches two directors

The Australian Securities and Investments Commission (ASIC) has brought fraud charges against a former National Australia Bank (NAB) adviser and two directors of a financial services company. Paul Drakos, an authorised representative of NAB lost a total ...

ASIC shuts down property investment companies

The Supreme Court of Victoria has granted an Australian Securities and Investments Commission (ASIC) application to have Casey Downs Retirement Villages and Ambridge Retirement Management Services wound up. The order to have the two property investment ...

ASIC winds up managed investment scheme

The Australian Securities and Investments Commission (ASIC) has moved to wind a managed investment scheme operated by South Australian man Guiseppe Mercorella. ASIC alleges that the scheme is in breach of the Corporations Act 2001 (the Act) since 2002 ...

High yield investment scheme operator facing charges

The Australian Securities and Investments Commission (ASIC) has brought seven charges against Shane Hoy, the operator of a high yield investment scheme, in the Brisbane Magistrates Court. The regulator alleges Hoy raised $270,000 through the scheme ...

ASIC issues guidance about general financial advice

The Australian Securities and Investments Commission (ASIC) has issued guidance to advisers to assist them with complying to certain financial product advice provisions set out in the Corporations Act 2001. The guidance was prepared after industry consultation ...