Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 85 results for %22Trio Capital%22

APRA accepts EU from former Trio director

CLAIRE MCGREAL  |  FRIDAY, 4 NOV 2011
The Australian Prudential Regulation Authority has accepted an enforceable undertaking from the remaining Trio Capital director David O'Bryen. Under the terms, O'Bryen will not act as a trustee or as a responsible officer of a body corporate that is ...

Trio directors accept APRA suspension

ELISE BURGESS  |  FRIDAY, 9 SEP 2011
Trio Capital directors, Rex Phillpott and David Andrews, have conceded to APRA that with the benefit of hindsight they should have acted differently and regret their actions, with the regulator accepting an enforceable undertaking from the pair. The ...

Trio chair ban and Richard jailed

ELISE BURGESS  |  FRIDAY, 12 AUG 2011
Former chairman and director of failed super trustee Trio Capital, David Andrews, is to be excluded from the financial services industry for nine years while Astarra director, Shawn Richard, has been handed down a two and a half year jail sentence. ...

SPAA calls for fraud net to be cast wider

MATT WOODINGTON  |  TUESDAY, 9 AUG 2011
... providers. SPAA is urging broader reforms around insurance and compensation measures following the recent collapse of Trio Capital, which saw investors, some of which were self managed super funds, unable to access compensation. The last resort compensation ...

Astarra director convicted by NSW Supreme Court

ALISON BEVEGE  |  MONDAY, 25 JUL 2011
... Peter Garling convicted the 36-year-old Canadian-born investment manager of two counts of dishonest conduct over the Trio Capital fraud. Investors lost $180 million from two investment funds managed by Trio Capita, namely Astarra Strategic and ARP Growth. ...

Advisory firm directors may challenge ASIC ban

ALISON BEVEGE  |  THURSDAY, 7 JUL 2011
... considering a legal challenge to a three-year ASIC ban imposed after clients lost money in funds associated with the Trio Capital superannuation fund fraud. ASIC said on Tuesday it was holding financial advisers to account as gatekeepers over the loss ...

Trio director offers EU to APRA

ELISE BURGESS  |  MONDAY, 4 JUL 2011
Former Trio Capital Limited (Trio) director, Natasha Beck, has acknowledge her part in the firm's collapse and offered an enforceable undertaking to the Australian Prudential Regulation Authority (APRA), which it has accepted. Faced with a possible ...

ASIC accepts EU from Kilara Financial Solutions

ELISE BURGESS  |  MONDAY, 27 JUN 2011
... Financial Solutions, will take on an independent compliance expert at its own cost after having switched clients to Trio Capital super products. The Australian Securities and Investments Commission (ASIC) has accepted the Enforcable Undertaking (EU) ...

Shorten ups Trio super levy to $750,000

ELISE BURGESS  |  WEDNESDAY, 8 JUN 2011
... the compensation levy being introduced to recoup the lost $55 million for the victims of failed investment firm, Trio Capital. Under new regulations announced, Assistant Treasurer Bill Shorten has raised the maximum levy payment amount for the 30 largest ...

Dissident investors could prompt REIT revival

MATT WOODINGTON  |  TUESDAY, 7 JUN 2011
... A-REITs continue to trade at an NTA discount with the sector still recovering from the mauling it took during the GFC. A trio of hedge funds is now battling to liquidate the Charter Hall Office REIT Trust and other similar scenarios are expected to play ...