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Showing 691 - 700 of 817 results for "Corporations Act"

Two directors cop ASIC bans

HAMISH MADDEN  |  MONDAY, 19 JUN 2006
... (formerly known as Investors Choice), Vitalskill Management and Infocus Management Australia, citing breaches of the Corporations Act 2001. The court found that the three companies had breached the act by operating a managed investment scheme without ...

Directors banned over unregistered schemes

... investors the schemes were operating illegally. The Court also found that Dr Acker and Polanski had breached the Corporations Act in running unregistered managed investments schemes, conducting business without an AFS license and offering securities ...

ASIC charges four over margin lending scam

HAMISH MADDEN  |  WEDNESDAY, 7 JUN 2006
... through Macquarie Bank were fabricated or entered without the investor's knowledge. Doja has been charged under the Corporations Act with unlawfully providing a financial service and inducing people to deal in securities, as well as six counts of obtaining ...

IFSA get set to push product rationalisation

... services reforms, submitted to Chris Pearce, Parliamentary Secretary to the Treasurer, along with amendments to the Corporations Act. Under the proposals product suppliers would be able to close existing and out-of-date 'legacy' products and transfer ...

Keep it short and simple: ASIC

Financial services regulator ASIC has made changes to the Corporations Act that will allow providers of general financial product advice to provide shorter, simpler general advice warning when they give oral general advice. 'By focussing on the core ...

ASIC comes down on financial services fraud

... gambling and personal expenses. With investor's funds of $107,168 still outstanding, ASIC pursued McKim under the Corporations Act 2001 for inducing people to deal in financial products and carrying on an unlicensed financial services business. The Australian ...

ASIC and IAG resolve premium problems

... continue to compensate affected customers who have not yet received compensation. ASIC issued a direction under the Corporations Act 2001 which requires IAL to provide regular reports to ASIC on the problem and its aftermath. 'ASIC's priority is to ensure ...

Property developer owing over $14M to investors appears in court

The Australian Securities and Investments Commission (ASIC) has brought 20 charges of breaching the Corporations Act against John Sage in the Melbourne Magistrates Court. The regulator alleges Sage provided prospective investors in the Victorian based ...

ASIC rubs out financial adviser

... April 2005 when the bank discovered he was not satisfying its compliance requirements and was in breach of the Corporations Act. Upon his termination NAB notified both the regulator and Queensland Police about Bates' conduct. Following an investigation ...

ASIC winds up managed investment scheme

... scheme operated by South Australian man Guiseppe Mercorella. ASIC alleges that the scheme is in breach of the Corporations Act 2001 (the Act) since 2002 with the investigation revealing Mercorella owes at least 78 investors about $56 million. Many investors ...