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Showing 61 - 70 of 76 results for ASIC release

ASIC targets another MIS scheme

ASIC RELEASE  |  THURSDAY, 13 AUG 2009
ASIC has commenced civil proceedings to wind up and appoint a liquidator to Finchley Central Funds Management - the responsible entity of managed investment scheme, Finchley Development Capital Funds. ASIC is seeking orders from the Federal Court of ...

Chartwell execs face criminal charges

ASIC RELEASE  |  WEDNESDAY, 12 AUG 2009
Two executives of Chartwell Enterprises are facing a combined 243 charges brought by ASIC for the $60 million collapse of the Geelong-based investment firm. Queensland police yesterday arrested the former executive of collapsed investment firm Chartwell ...

ASIC cracks down on MIS scammer

ASIC RELEASE  |  FRIDAY, 7 AUG 2009
ASIC has turned its attention on a managed investment scheme (MIS) operator, James Kentwell Lovell, who allegedly fleeced $7.9 million from 200 investors, including self-managed super funds. On 29 July 2009, ASIC obtained interim orders in the Supreme ...

ASIC approves Opes Prime settlement

ASIC RELEASE  |  WEDNESDAY, 5 AUG 2009
ASIC has welcomed yesterday's court approval of the creditors Schemes of Arrangement that will oblige ANZ and Merrill Lynch to pay $226 million to Opes Prime clients. According to a media statement by ASIC, the schemes oblige ANZ and Merrill Lynch to ...

Director to plead guilty for insider trading

ASIC RELEASE  |  WEDNESDAY, 22 JUL 2009
... of directors' duties, and giving false and misleading information to a director of Lion Selection. The charges, brought by ASIC, relate to an order O'Reilly placed with his broker on 8 May 2008 to purchase 50,000 shares in Indophil Resources NL (Indophil). ...

Perth stockbroker gets ban for life

ASIC RELEASE  |  MONDAY, 13 JUL 2009
... sentence but a WA-based stockbroker has been permanently banned from providing financial services after a $9 million fraud. ASIC has permanently banned Jonathan Kur of Dianella, Western Australia from providing financial services after cheating his clients ...

ASIC bans Firepower adviser

ASIC RELEASE  |  FRIDAY, 10 JUL 2009
ASIC has banned another adviser Quentin Ward from providing financial services for eight years after an investigation into his involvement in Firepower investments. ASIC banned Ward after an investigation into his dealings in the sale of Firepower Holdings ...

Bankrupts jump on the web

ASIC RELEASE  |  WEDNESDAY, 1 JUL 2009
The record number of companies including managed funds and planning firms that filed for bankruptcy last year prompted ASIC to create a website tailored for those dealing with financial difficulties. The site, www.asic.gov.au/insolvency, aims to give ...

ASIC reveals cap arising enhancements

ASIC RELEASE  |  MONDAY, 22 JUN 2009
ASIC has released new measures to boost market disclosure and efficiency in capital raisings and unlisted disclosing entities. The new equity raising policies released at the end of last week seek to streamline the fundraising process by faster and ...

Insurance broker caught for fraud

ASIC RELEASE  |  MONDAY, 1 JUN 2009
Consumers, be warned. ASIC has caught one insurance broker selling insurance products but not passing on the fees to the insurer, which meant his clients didn't get the appropriate insurance cover. Stolen premiums, dodgy insurance - Anthony John Ryan ...