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Showing 921 - 930 of 5231 results for "2015-16 ASIC"

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... stating that she possessed both a credit licence and an AFSL. While she speaks points appear on the screen which read "lawyer, ASIC Credit Licensee, AFS Licensee, Migration Agent's Licence, Real Estate Agent's licence." Following ASIC's investigation ...

ANZ breached disclosure laws in 2015 raise: Court

CHLOE WALKER  |  MONDAY, 16 OCT 2023
... obligations," Moshinsky said. The decision has been hailed a landmark win for ASIC, which first brought the case to court in 2018. ASIC deputy chair Karen Chester said the decision reaffirms ASIC's long-standing expectation that an issuer of securities ...

ASIC cracks down on 11 SMSF auditors

ANDREW MCKEAN  |  WEDNESDAY, 11 OCT 2023
ASIC has acted against 11 SMSF auditors for conduct shortcomings and violating obligations in the quarter ending September 30. The corporate regulator's action was spurred by the auditors' failures in meeting assurance standards, independence requirements ...

BBY chief charged with aiding and abetting fraud

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... improperly drawing down on an overdraft facilitation account which BBY held with St George Bank which BBY was not entitled to," ASIC said. Fiona Mae Bilton, who was BBY's head of operations, was sentenced in June on three charges of dishonestly obtaining ...

Adviser cops 10-year sentence

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
A former financial adviser who took more than $10 million from clients to fund his lavish lifestyle will spend the next 10 years in jail. Judge Wraight sentenced Terence Rio Nugara to nine years and 11 months imprisonment at the Victoria County Court ...

ASIC bans former risk adviser

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
... Corp). Both Durant and Assurance Corp were authorised representatives of Insurance Advisernet Australia Pty Limited (IAA). ASIC found that from 30 July 2019 to 12 February 2021, Durant instructed clients to deposit money, intended as payment of insurance ...

Provide Capital ordered to produce documents

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
... breach was connected to Provide's offering of investment opportunities to members of the public from 26 September 2020. ASIC previously sought documents under Section 33 (s 33) of the ASIC Act and subsequently issued orders as part of the ongoing ...

Skynet adviser stole $10.2m: Court

KARREN VERGARA  |  THURSDAY, 28 SEP 2023
The principal and financial adviser of Skynet Financial Services swindled clients to the tune of $10 million and could face up to 20 years in jail. Terence Rio Nugara, who was permanently banned by ASIC in April, stole $10,152,061.93 from 38 clients ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... attracting about 700 customers and funds totalling around $1.6 million. To acquire the interest earning investment product, ASIC said customers deposited AUD into a Bobbob account. The AUD deposits were then exchanged for the crypto-asset USD Coin (USDC) ...

Bridges adviser base drops 20%

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
Bridges Financial Services continues to bleed advisers, losing nearly 20% of its authorised representatives this month, as parent company Insignia Financial ramps up its restructure. Twenty-three Bridges authorised representatives ceased on the ASIC ...