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Showing 51 - 60 of 76 results for ASIC release

PIS to pay $5.9m to Westpoint investors

ASIC RELEASE  |  MONDAY, 2 NOV 2009
The Federal Court of Australia has approved the settlement of an ASIC-initiated compensation claim to PIS clients who were advised to invest in failed Westpoint Group - ordering PIS to pay $5.9 million to these clients. The court approved a distribution ...

ASIC targets Brighton in Westpoint swoop

ASIC RELEASE  |  THURSDAY, 8 OCT 2009
ASIC has filed a court application to commence proceedings against Brighton Hall Securities as part of its latest Westpoint crackdown. ASIC announced yesterday that it had filed an application for leave in the Federal Court in Perth to commence proceedings ...

Westpoint exec faces court

ASIC RELEASE  |  WEDNESDAY, 7 OCT 2009
... controller of the Westpoint Group of companies, Graeme Rundle, has appeared in court following two criminal charges brought by ASIC. Rundle, of Perth, Western Australia, appeared in the Downing Centre Local Court, Sydney, yesterday in relation to two ...

Perth fund manager gets wind up orders

ASIC RELEASE  |  WEDNESDAY, 23 SEP 2009
ASIC has obtained court orders to wind up Perth-based Finchley Central Funds Management for failing to comply with its obligations under the law. On 22 September 2009, ASIC obtained orders from the Federal Court in Perth to wind up Finchley Central ...

PIS in Westpoint compensation deal

ASIC RELEASE  |  TUESDAY, 15 SEP 2009
Professional Investment Services has reached an agreement with ASIC to settle a class action brought by the corporate watchdog in relation to failed Westpoint investments. The proceeding concerns a claim for compensation relating to financial advice ...

Stop illegal early release of super: ASIC

ASIC RELEASE  |  TUESDAY, 1 SEP 2009
ASIC has fired its warning shot on illegal early release on super - and is appealing to trustees to help plug increasing cases spurred by losses from the GFC. ASIC is concerned that the current market conditions are contributing to an increase in the ...

ASIC slaps six year ban for MIS fraud

ASIC RELEASE  |  MONDAY, 24 AUG 2009
... caught out in a $15.2 million fraud carried out by yet another finance company operating without a financial services licence. ASIC has banned Jonathan Peter West, of Athelstone, South Australia from providing financial services for six years after he ...

SMSFs targeted in $428k swindle

ASIC RELEASE  |  FRIDAY, 21 AUG 2009
... half a million dollars from self-managed super fund (SMSF) trustees. The Australian Securities and Investments Commission (ASIC) investigation led to Victorian-based Shaun White sentenced to four years and two months jail with a non-parole period of ...

ASIC cracks down on early release of super

ASIC RELEASE  |  THURSDAY, 20 AUG 2009
ASIC is charging Regina Faleono and Lucia Sini for the illegal early release of a combined $702,609 in members' funds. ASIC has commenced criminal proceedings in the Sydney Central Criminal Court against Faleono and Sini for dishonest conduct in operating ...

Westpoint auditors get just desserts

ASIC RELEASE  |  TUESDAY, 18 AUG 2009
Three KPMG partners have been banned as registered auditors for periods ranging from nine to 24 months following ASIC's crackdown on their roles in the Westpoint collapse. ASIC has accepted enforceable undertakings (EUs) from three partners of KPMG's ...