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Showing 621 - 630 of 816 results for "Corporations Act"

Commonwealth Fin Plng compensates investors

ASIC RELEASE  |  WEDNESDAY, 3 NOV 2010
... ASIC, a former CFP representative employed until July last year potentially breached various sections of the Corporations Act 2001 by providing inappropriate financial advice to a large number of clients. CFP has agreed to identify those affected and ...

Infocus planner banned by ASIC

ASIC RELEASE  |  WEDNESDAY, 27 OCT 2010
... Radovan engaged in misleading and deceptive conduct and failed to provide clients with documents required under the Corporations Act, such as statements of advice and product disclosure statements. Among other indiscretions, ASIC found that Radovan overexposed ...

Former liquidator face 19 ASIC charges

ELISE BURGESS  |  TUESDAY, 24 AUG 2010
... HR Cook Investments that were documented with ASIC. He is charged with six counts under section 1308(2) of the Corporations Act 2001. The Corporations Act 2001 charges each carry a maximum fine of $22,000 or imprisonment for five years or a combination ...

ASIC targets five unregistered property ventures

ASIC RELEASE  |  FRIDAY, 6 AUG 2010
... $80 million. The court found that three of the schemes were not registered, contrary to requirements under the Corporations Act, and subsequently ordered they be wound-up and a receiver and manager appointed. Those three current schemes, which involved ...

Broker jailed for false trades

ASIC RELEASE  |  WEDNESDAY, 14 JUL 2010
... The sentence follows Chan's guilty plea to eight counts of market manipulation contrary to section 1041A of the Corporations Act. He also pleaded guilty to one count of providing false or misleading information to ASIC contrary to section 64 of the Australian ...

CFD health check prompts more oversight

MICHAEL HOBBS  |  TUESDAY, 13 JUL 2010
... derivatives, to provide issuers with guidance on the regulator's expectations on what they need to do to comply with the Corporations Act and what must be disclosed to investors. Tamas Szabo, chief executive at IG Markets Australia, said the firm already ...

KPMG challenges ASIC on Constitutional powers

ASIC RELEASE  |  THURSDAY, 20 MAY 2010
... claims KPMG was negligent when auditing the accounts and should have told ASIC that it suspected breaches of Corporations Act were taking place within the Westpoint Group. The action was later transferred to the High Court in April this year with compensation ...

ASIC bans client adviser for life

ASIC RELEASE  |  THURSDAY, 22 APR 2010
... The Australian Securities & Investments Commission (ASIC) investigation found Ho broke section 1041G(1) of the Corporations Act. He also breached the Act when he made several entries to mislead Stonebridge and when he falsified order entries in the company's ...

ASIC targets alleged Ponzi scheme

ASIC RELEASE  |  WEDNESDAY, 14 APR 2010
... the arrangements they were entering into, and that the defendants may have breached various provisions of the Corporations Act. Between 2006 and 2009, the defendants allegedly raised around $14.6 million from more than 100 investors (principally in Victoria) ...

Director charged in Westpoint case

ASIC RELEASE  |  MONDAY, 29 MAR 2010
... services business and dealt in Westpoint promissory notes while not holding an AFS licence as required under the Corporations Act. A total of fifty investors invested more than $3.5 million through the Lancer Group. The investments were made in promissory ...