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Showing 71 - 80 of 437 results for "Managed investment scheme"

Court rejects Linchpin director appeal

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... O'Callaghan and Justice McElwaine in that Daly was an officer of a responsible entity of a registered managed investment scheme and did not act in the best interests of members. Daly, along with Ian Williams, Paul Raftery, and Paul Nielsen, breached ...

ASIC issues warning over shoddy DDO practices

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
... still fit the target market..." the report reads. Citing better practices among issuers, ASIC said one managed investment scheme operator monitored funds under management and flow reporting to detect unusual activity and material deviations in actual ...

Former Brisbane adviser found guilty of fraud again

MATTHEW WAI  |  MONDAY, 26 AUG 2024
... induced investors to invest in the Australian Diversified Sector Income Fund (ADSIF), an unregistered managed investment scheme. Many of the investors contributed to ADSIF through their self-managed superannuation funds. He advised his clients that it ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
Mercer Superannuation Australia has been slapped with a whopping $11.3 million penalty by the Federal Court on the back of an ASIC-led greenwashing investigation. Mercer was found to make misleading statements on its website about seven Sustainable ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
ASIC has cancelled the licence of Guildfords Funds Management and banned its managing director Robert Payne for their involvement in the collapse of Magnolia Capital Group. ASIC found "significant and systemic failures of oversight and compliance" upon ...

ASIC appeals judge's call to not penalise Block Earner

JAMIE WILLIAMSON  |  TUESDAY, 18 JUN 2024
... fixed-yield earning products based on crypto-assets, alleging Block Earner was running an unregistered managed investment scheme. In February this year, the Federal Court agreed Block Earner had operated a managed investment scheme without a licence. ...

Block Earner dodges massive fine

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
... Jackman determined that while Block Earner, which invested in cryptocurrency, operated an unregistered managed investment scheme (MIS) without holding an AFS Licence (AFSL) with respect to the "Earner" product, the company was relieved of any liability ...

Ironbark partners with HarbourVest to launch fund

ELIZA BAVIN  |  TUESDAY, 4 JUN 2024
... the Ironbark HarbourVest HGPS - Diversified Private Equity Fund. The fund is an open-ended Australian managed investment scheme, that expands access to global private equity for institutional high-net worth (HNW) and wholesale investors in Australia ...

ASIC suspends AFSL for six managed investment schemes

ELIZA BAVIN  |  THURSDAY, 30 MAY 2024
The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services licence (AFSL) of Aurora Funds Management until 20 September 2024. Aurora is the responsible entity of six registered managed investment schemes ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
After recently backflipping on changing its high-net-worth investor (HNWI) tests, the UK serves as a cautionary tale for Australia as it mulls overhauling its own wholesale investor thresholds. The UK government introduced new HNWI and sophisticated ...