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Showing 1 - 10 of 85 results for "ASIC of"

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
... taking him to court for operating what it believes to be a Ponzi scheme and Mawhinney fighting the claims and accusing ASIC of its own misconduct in pursuing him. In the latest instalment, Mawhinney was arrested yesterday and charged with four counts ...

ASIC forced to pay James Mawhinney's legal costs

JAMIE WILLIAMSON  |  TUESDAY, 28 NOV 2023
... clients had made a complaint to ASIC or the Australian Financial Complaints Authority at that time. Mawhinney has accused ASIC of pursuing him unfairly, previously stating that the speed at which the investigation was initiated and carried out is "suspicious." ...

ASIC updates qualified tax relevant provider definition

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... it wrote to affected individuals and their AFSLs in October regarding the one-off update. "There is no cost to notify ASIC of whether a relevant provider can or cannot provide tax (financial) advice services for the first time," ASIC said. "It is important ...

Mayfair 101 accuses ASIC of "suspicious" conduct over FOIs

JAMIE WILLIAMSON  |  FRIDAY, 4 AUG 2023
Mayfair 101 says ASIC has rejected seven Freedom of Information requests in relation to its investigation into the private equity firm, one within six hours of its receipt. The embattled group said the first FOI request was made on June 20, followed ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... for dealing with application monies to achieve compliance, improving disclosures about application funds, and notifying ASIC of any reportable situations or paying remediation. Meanwhile, ASIC also reached out to major auditing firms and industry bodies ...

Former Octaviar director sees charges dropped

CHLOE WALKER  |  TUESDAY, 4 APR 2023
... MFS Group former chief executive Michael Christodoulou King was declared bankrupt after he failed to pay a penalty to ASIC of $300,000. MFS Group, later Octaviar, collapsed in 2008 owing $2.5 billion. It was a publicly listed company.

Former adviser sentenced over dishonesty

JAMIE WILLIAMSON  |  TUESDAY, 17 MAY 2022
A former financial adviser will serve a three-year correctional order, including home detention, for providing fabricated evidence as part of an ASIC investigation. Ezzat-Daniel Nesseim was sentenced to a three-year intensive correctional order after ...

Federal Court fines Mayfair $30m

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... investors searched for terms such as 'bank term deposits' and 'best term deposit'. In response, Mawhinney's lawyers accused ASIC of a 'trial by media'. Mawhinney has continued to defend himself through widely distributed media releases. The subsidiaries ...

Disgraced former fund manager chief declared bankrupt

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
... chief executive of MFS Group - later known as Octaviar - has been declared bankrupt after he failed to pay a penalty to ASIC of $300,000. The Federal Court made the order against Michael Christodoulou King based on the unpaid penalty even though such ...

Mawhinney lawyer accuses ASIC of trial by media

ELIZABETH MCARTHUR  |  THURSDAY, 18 NOV 2021
Embattled Mayfair 101 founder James Mawhinney's lawyer has accused ASIC of conducting a trial by media. Roberts Gray Lawyers, representing Mawhinney, accused the regulator of issuing a media release announcing contempt proceedings against Mawhinney ...
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