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Showing 151 - 160 of 470 results for "Managed investment scheme"

ASIC sues crypto fintech over unlicensed advice

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... to providing unlicensed financial advice, ASIC also alleged Block Earner was running an unregistered managed investment scheme. ASIC alleged the products should have been licensed as they were a managed investment scheme. ASIC said that as of April 2022 ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... products. The conduct took place between October 2015 and May 2019. The URF is a unit trust and a registered managed investment scheme that sought to take advantage of the significant drop in house prices in the US during the Global Financial Crisis. ...

CSLR legislation tabled, advice sector responds

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
The government has advanced its commitment to establish a Compensation Scheme of Last Resort (CSLR), releasing for consultation exposure draft regulations. The CSLR will facilitate the payment of compensation of up to $150,000 to eligible consumers ...

Montgomery, Aura Group launch new income fund

CHLOE WALKER  |  THURSDAY, 8 SEP 2022
... partnership with Aura Group, the Aura Core Income Fund. The fund is an open-ended, Australian-registered managed investment scheme with a minimum investment of $25,000, offering clients exposure to the private debt investments. Its objective is to preserve ...

CSLR establishment is critical: FPA

CHLOE WALKER  |  FRIDAY, 12 AUG 2022
The Financial Planning Association of Australia (FPA) has called out the urgent need for a broad-based Compensation Scheme of Last Resort (CSLR) following ASIC's recent notice for former Dixon Advisory clients to register any complaints with the ...

Holon, Gemini launch retail crypto funds

CASSANDRA BALDINI  |  THURSDAY, 28 JUL 2022
... and 0.4% capped fund. The statement added the Holon Filecoin Fund is the first ASIC registered retail managed investment scheme for digital assets outside of BTC and ETH. The funds will use a traditional investment vehicle, a retail managed investment ...

Fraud charges laid over unlicensed scheme

CASSANDRA BALDINI  |  WEDNESDAY, 20 JUL 2022
... $10 million by investing with Marco. ASIC took action in the Federal Court to wind up the unregistered managed investment scheme operated by Marco and AMS Holdings (WA) Pty Ltd, the AMS Holdings Trust in 2020. The Court wound up Marco's unregistered ...

ASIC releases CCIV guidelines

CASSANDRA BALDINI  |  FRIDAY, 24 JUN 2022
ASIC has released long-awaited regulatory guidelines relating to the registration and licensing requirements for Corporate Collective Investment Vehicles ahead of its July 1 implementation date. The information sheet (INFO 272) and report (REP 728) ...

Former adviser wins appeal, convictions quashed

JAMIE WILLIAMSON  |  MONDAY, 20 JUN 2022
... causing detriment to clients when, between 2013 and 2015, he advised clients to invest in an unregistered managed investment scheme that was actually just an abalone farm in South Australia which he controlled. Jayaweera had told clients it was a diversified ...

ASIC freezes assets of unlicensed property mogul

CASSANDRA BALDINI  |  WEDNESDAY, 8 JUN 2022
... over superannuation to invest in property developments. He is also accused of operating an unregistered managed investment scheme and misusing investor funds, including converting investor funds into crypto assets. A Team was primarily advertised on ...