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Showing 21 - 30 of 67 results for "REDF"

TOWER adds two to its board

HAMISH MADDEN  |  WEDNESDAY, 20 DEC 2006
TOWER Australia Group has appointed two new independent directors, chairman Dr Keith Barton announced yesterday. Peter Lewinsky and Ralph Pliner have been appointed to the board of TOWER effective immediately. Dr Barton said the two new directors would ...

Courts continue to unwind Westpoint mess

HAMISH MADDEN  |  FRIDAY, 8 DEC 2006
The Federal Court has ordered the winding up of 14 companies associated with Norman Carey and the Westpoint group. Ruling on an application made by the Australian Securities and Investments Commission (ASIC), the Federal Court ordered the winding up ...

Patersons' poor compliance under review

The Australian Securities and Investments Commission (ASIC) has called on specialist stockbroker Patersons Securities to review its monitoring and supervision of staff after it found that two Patersons employees may have risked client funds through ...

Liquidator gets 12 month suspension

Sydney liquidator Ronald Dean-Wilcocks has been suspended for 12 months from working as a liquidator after he failed to disclose conflicts of interest to his clients. Dean-Wilcocks challenged the suspension handed down in April this year but this was ...

Broker gets jail term for forgery

A former options advisor and stockbroker has been sentenced to two and a half years in prison on 27 forgery charges and for trading $1.28 million worth of his clients' shares without their knowledge. In a case bearing some resemblance to the now infamous ...

Former NAB adviser gets 8 years

HAMISH MADDEN  |  MONDAY, 6 NOV 2006
A former National Australia Bank (NAB) financial planner has been jailed for eight years for dishonesty and fraud relating to nearly $6 million of misappropriated funds. Following an Australian Securities and Investments Commission (ASIC) investigation ...

Property promoter gets life ban and $1.1m penalty

Donald Maxwell, a promoter of illegal mezzanine fund schemes, has been ordered to pay $1.122 million in compensation and penalties and has been disqualified from providing financial services for life. Maxwell was the principal promoter for two failed ...

Super roll-over promoter to serve time

HAMISH MADDEN  |  MONDAY, 25 SEP 2006
A Gold Coast superannuation scheme promoter has been sentenced to jail for his part in dishonestly advising clients on the use of rolling over preserved benefits and putting the funds towards the purchase of a home. Rocco Ferrantino entered a guilty ...

Advice scam nets accountant 8 years inside

HAMISH MADDEN  |  TUESDAY, 19 SEP 2006
An accountant who fleeced nearly $1 million from investors through his financial advice business has been jailed for eight years. Piet Walters was found guilty of 14 charges of dishonesty relating to $972,000 given to his Drury Management business in ...

Another Elm associate banned by ASIC

HAMISH MADDEN  |  TUESDAY, 11 JUL 2006
The Australian Securities and Investments Commission (ASIC) has banned a financial adviser associated with the failed Elm Financial Services group for three years for his part in convincing a couple to invest $1 million in a failed product. Sydney adviser ...