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Showing 641 - 650 of 833 results for "Corporations Act"

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 ...

ASIC cancels Teys Property AFSL

ASIC RELEASE  |  FRIDAY, 26 MAR 2010
... administration on 5 March 2010. Adam Shepard, of Setter Shepard, was appointed as administrator on 5 March 2010. Under the Corporations Act, ASIC has the power to suspend or cancel an AFS licence if the responsible entity holding the licence is placed ...

Ex Macquarie broker pleads guilty

ASIC RELEASE  |  TUESDAY, 16 MAR 2010
... manipulation. Chan of Balwyn, Victoria, pleaded guilty to market manipulation contrary to section 1041A of the Corporations Act 2001. The charges, brought by the Australian Securities and Investments Commission (ASIC), relate to his alleged manipulation ...

Changes to borrowing brings peace of mind

MICHAEL HOBBS  |  THURSDAY, 11 MAR 2010
The government's proposal to bring certain borrowing arrangements under the Corporations Act means shonky promoters will be shut out of the market and self managed super fund (SMSF) trustees can have peace of mind when using the products. Chris Bowen ...