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Showing 61 - 70 of 94 results for "Westpoint"

ASIC to sue Westpoint

The Australian Securities and Investments Commission (ASIC) is to take legal action against Westpoint, and planner groups that recommended Westpoint products, on behalf of investors who lost a combined $320 million when the property group collapsed ...

Adviser ban after Westpoint

MICHAEL HOBBS  |  FRIDAY, 2 NOV 2007
... banned NSW-based financial adviser, Andy Shen-En Chen, from providing financial advice for five years after recommending Westpoint to clients. An ASIC investigation found in between October 2004 and November 2005 Chen breached his obligation to provide ...

ASIC releases guide for unlisted debentures

CHRIS NICHOLLS  |  THURSDAY, 1 NOV 2007
... debentures, following its industry consultation process in August. The initial August draft followed the collapse of Westpoint and Fincorp this year, which left investors with losses in the tens of million of dollars. The paper suggests four main guiding ...

Debenture devil in the detail

The high profile failures of debenture issuers such as Westpoint, Fincorp and Bridgecorp have prompted ASIC to release a consultation paper detailing tighter disclosure rules on debenture products. But is more disclosure enough to protect retail investors? ...

ASIC to tighten debenture regulations

CHRIS NICHOLLS  |  FRIDAY, 24 AUG 2007
... paper proposing tighter regulation of the unlisted, unrated debenture market following the collapse of companies like Westpoint and ACR. The paper, unlisted, unrated debentures - improving disclosure for retail investors, proposed the industry meet eight ...

The miseducation on research

ALEX DUNNIN  |  THURSDAY, 9 AUG 2007
Fallout from recent high profile collapses among property-based investment groups such as Westpoint, Fincorp, ACR and Bridgecorp, and now with Basis Capital, highlights that investors sometimes don't quite understand the role research plays in helping ...

Investors will be compensated for dud advice: Pearce

ALEX DUNNIN  |  MONDAY, 21 MAY 2007
... professional indemnity insurance as a condition of membership, as does the ASX of participants." The initiative follows the Westpoint scandal where many clients were unable to obtain compensation because advisers found to have breached their obligations ...

FPA member fined and expelled

NICK OLIVER  |  MONDAY, 26 FEB 2007
The Financial Planning Association (FPA) has expelled a member in the continuing fallout from the Westpoint disaster. Western Australian planner Annemieke de Boer of Centro Financial Synergy was charged with 35 breaches of the FPA's Code of Ethics and ...

ASIC updates court on Westpoint progress

HAMISH MADDEN  |  TUESDAY, 19 DEC 2006
... yesterday received an update from the Australian Securities and Investments Commission (ASIC) on its investigations into the Westpoint collapse in support of ASIC's bid to extend the freezing of assets of key Westpoint figures. ASIC asked the court to ...

Westpoint Recovery Fund still in pursuit

HAMISH MADDEN  |  MONDAY, 18 DEC 2006
Ian Bristow, trustee of the Westpoint Recovery Fund and managing director of Money Matters Financial Solutions, said he intends to maintain the legal pursuit of Westpoint directors, KPMG and eventually the regulator. Bristow issued a terse statement ...