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Showing 11 - 20 of 67 results for "Trio Capital"

SuperGuard360 gives SMSF trustees greater protection

MARK SMITH  |  FRIDAY, 15 JUL 2016
... not have the same protection and assistance as other super funds if things go wrong. This was highlighted by the Trio Capital fraud, which saw 400 SMSFs lose a total of $60 million and were denied compensation that was available to APRA-regulated super ...

APRA releases report on Trio investigation

KERRIE SYDEE  |  MONDAY, 11 APR 2016
The Australian Prudential Authority (APRA) has released its report on its investigation into the failure of Trio Capital Limited (Trio) and loss of up to $150m. The investigation resulted in the removal of 13 former Trio directors from the superannuation ...

Trio Capital compensation complete

KERRIE SYDEE  |  FRIDAY, 1 APR 2016
The Government will not provide further compensation to two groups of SMSF investors affected by the collapsed Trio Capital. In a statement the government said that the two investor groups, made up of Self Managed Super Fund (SMSF) trustees, were not ...

Trio liquidators deny deregistering fraud fund

ALEX BURKE  |  MONDAY, 15 JUN 2015
PPB, the liquidators assigned to the Astarra funds following the 2009 collapse of Trio Capital, have denied rumours they will deregister the Astarra Strategic Fund on June 17. The Astarra Strategic Fund was the primary vehicle, along with the ARP Growth ...

Astarra director banned, loses AAT appeal

LAURA MILLAN  |  MONDAY, 3 NOV 2014
... involvement in the investment of ASF assets in certain funds. Astarra was one of the groups caught up in the collapse of Trio Capital. ASIC's investigation into the collapse saw more than 11 people jailed, banned from providing financial services, disqualified ...

Penalties for fund managers too lenient

MARK SMITH  |  WEDNESDAY, 10 SEP 2014
... investigates some of the largest cases of fraud committed by fund managers across four countries including the collapse of Trio Capital in 2009. "The four cases highlight how fraud can easily occur in the managed funds context. What is however a cause ...

Trio-linked fund manager jailed for 25 months

JAMES FERNYHOUGH  |  MONDAY, 30 JUN 2014
An investment manager with links to Trio Capital has been sentenced to 25 months in prison for making false statements while managing the ARP Growth Fund (ARP). Tony Maher, previously known as Paul Gresham, made the false statements over a two-year ...

Bowen's FoFA fears "complete rubbish": AFA

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
... Treasurer Chris Bowen that proposed amendments to the Future of Financial Advice (FoFA) regulation may make Storm or Trio Capital cases "more likely" as "complete rubbish." "The ALP has made it very clear and Chris Bowen said it yesterday that they will ...

Tarrant appeals AAT banning order

LAURA MILLAN  |  FRIDAY, 24 JAN 2014
... him from providing financial services for seven years. Tarrant was sued by about 100 investors in the case of the Trio Capital fraud for ushering clients into the scheme. On January 8th, the AAT affirmed the Australian Securities and Investments Commission ...

Trio victims condemn Astarra director jail release

LAURA MILLAN  |  FRIDAY, 24 JAN 2014
... director Shawn Richard after two years and six months in prison. The organisation that represents the victims of the Trio Capital fraud have described the sentence as "light" and "pathetic." "A dole cheat in this country gets a heavier sentence than ...