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Showing 21 - 30 of 30 results for "Investment scams"

SEC charges COVID-19 microcap scammers

ALLY SELBY  |  FRIDAY, 12 JUN 2020
... risks that exist during this national emergency," "The SEC will continue to act quickly to protect investors from investment scams, including those seeking to capitalise on the COVID-19 crisis." The complaint has charged the defendants and the offshore ...

Crypto scams bite UK

HARRISON WORLEY  |  TUESDAY, 21 MAY 2019
... cryptoasset and forex scams in the last year. The Financial Conduct Authority is urging UK citizens to be wary of investment scams carried out through "bogus" online trading platforms, after the nation lost £27 million to crypto and forex scams so far ...

Australians lose record amount to scams

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
... should be taken with a grain of salt as many people who fall victim to scams choose not to report. Losses to investment scams increased last year by more than 34% compared to 2017, with Australians losing $86 million. The ACCC said that while scammers ...

Advisers on scam alert

KANIKA SOOD  |  TUESDAY, 24 JUL 2018
Advisers and investors should be "particularly vigilant" of investment scams this time of the year, as scammers prey on people's fear of getting in trouble with the ATO as tax season continues, according to Finder. Australians are now losing $1 million ...

Trillion dollar super industry attractive to organised criminals

DARREN SNYDER  |  MONDAY, 1 JUN 2015
... it's the ripple effect of illicit drug use on families and the community, the significant financial loss from investment scams or having your identity stolen by cybercriminals - everyone is at risk," Dawson said. "But the fight against organised crime ...

ASIC charges against new wave of boiler room scams

ELISE BURGESS  |  MONDAY, 6 FEB 2012
ASIC has warned of the rising number of 'boiler room' investment scams after obtaining Supreme Court orders against one financial planning firm accused of defrauding 36 investors in excess of $350,000. Unlicensed financial planning business, Golden ...

Gold Coast scam sees 20 investors lose $250,000

CLAIRE MCGREAL  |  MONDAY, 28 NOV 2011
... Commission have been helping ASIC with their inquiries, and are continuing to investigate a number of similar investment scams. The judge continued the ex-parte injunctions until the end of January, when the court will hear ASIC's application for final ...

Thirst for financial literacy on view

ALISON BEVEGE  |  WEDNESDAY, 25 MAY 2011
... features useful tools like a budget planner, margin loan calculators and personal finance guides, warnings about investment scams. Parliamentary Secretary to the Treasurer David Bradbury said 250,000 people had accessed the site since it was launched ...

Government launches taskforce to educate consumers about finance

AAP  |  TUESDAY, 24 FEB 2004
... Australian Securities and Investments Commission (ASIC) enquiry showed Australian consumers had lost $800 million in investment scams in the past three years. This was evidence of the need to better inform consumers, she said. The taskforce will develop ...

ASIC warns investors against illegal cold calling scams

... regulator estimated that at least 6000 Australians have lost at least $400 million to international cold calling investment scams.
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