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Showing 201 - 210 of 258 results for "scam"

ASIC uncovers investment scam

LINDA HAUSKEN  |  FRIDAY, 6 JUL 2012
The Australian Securities & Investments Commission has obtained court orders against the operators of a Gold Coast based unlicensed financial services business, following an investigation that resulted in 37 investors losing approximately $680,000. ...

Cold calling scammer gets 10 year ban

LINDA HAUSKEN  |  TUESDAY, 26 JUN 2012
... director, Blair Jason Travers, from the financial services industry for 10 years after being found guilty of a cold calling scam. Australian Securities & Investments Commission (ASIC) has ordered City Index Australasia (CIA) and Travers to remove all ...

Best friends forever

BENJAMIN ONG  |  FRIDAY, 13 APR 2012
Don't you just love it when a plan goes according to plan? Wall Street remained on rebound mode while we were sleeping and so were most equity markets from New York to Rio and old London town. The S&P 500 and the Dow each jumped by 1.4% overnight in ...

ASIC charges against new wave of boiler room scams

ELISE BURGESS  |  MONDAY, 6 FEB 2012
... rise of 'boiler room' scams, predominantly based on the Gold Coast, targeting investors across Australia. The boiler room scam involves a fraudulent party contacting individuals by telephone to convince them to invest in schemes involving the purchase ...

ASIC, ACC crack investment scam

ELISE BURGESS  |  WEDNESDAY, 14 DEC 2011
A task force between police, ACC and ASIC has closed in on an investment scam in QLD which has been coercing investments from consumers under a company name of West Trade or Atlas Lead Generation. A joint operation between the Queensland Police Service ...

Gold Coast scam sees 20 investors lose $250,000

CLAIRE MCGREAL  |  MONDAY, 28 NOV 2011
... ASIC has obtained continued interim court orders against a Gold Coast unlicensed financial services firm in the wake of a scam that has so far seen investors lose around $250,000. The injunctions restrain Golden Sparrow Pty Ltd, GS Contracting Pty Ltd ...

Signature scam adviser banned for life: ASIC

ALISON BEVEGE  |  FRIDAY, 27 MAY 2011
A financial adviser who allegedly used a scanned copy of his 72-year-old client's signature to misappropriate $1.5 million in shares is facing a life ban from ASIC and court action. Todd Michael King, of Perth, WA, allegedly used a scanned signature ...

Thirst for financial literacy on view

ALISON BEVEGE  |  WEDNESDAY, 25 MAY 2011
More than 250,000 people have gone to the Government's MoneySmart financial literacy website since it was launched in March, showing a strong appetite among consumers for more information about their money, the Federal Government said today. It features ...

Trustee fury prompts SMSF compo rethink

ALISON BEVEGE  |  FRIDAY, 15 APR 2011
... risk they took on when they decided to manage their own investments. Most of the 690 trustees left out of pocket by the Trio scam were from around Wollongong, NSW and the depth of their anger is reflected by the local newspaper, the Illawarra Mercury ...

Advisers must justify complex products: ASIC

MATT WOODINGTON  |  MONDAY, 14 MAR 2011
ASIC will clamp down on the misuse of Managed Discretionary Accounts (MDAs) and increase scrutiny on advisers recommending capital guaranteed funds. A growing number of advisers are offering structured capital protected and capital guaranteed products. ...