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Showing 1 - 10 of 148 results for "Dishonest conduct"

Former Berndale director jailed for $700k in misused funds

VINNY VUCAGO  |  THURSDAY, 6 AUG 2026
... guilty in May to three rolled-up Corporations Act charges covering dishonest use of his position as director, dishonest conduct in a financial services business and authorising false statements to ASIC.

NSW director disqualified over $7m SMSF scam

RIDDHIMA TALWANI  |  FRIDAY, 31 JUL 2026
... offered by the scam." Justice McElwaine added the need to send a very clear message to others that deliberate dishonest conduct in utter disregard of a director's duties and responsibilities warrants a very significant period of disqualification.

ASIC cancels AFSL of Capital Guard over fake bond sale

ELIZA BAVIN  |  FRIDAY, 3 JUL 2026
... cancelled the Australian Financial Services Licence (AFSL) of Capital Guard after finding that it had engaged in dishonest conduct, including the selling of a fake bond and providing false documents to its auditor. ASIC said the licence was cancelled ...

Former adviser jailed over $2m SMSF investment scheme

VINNY VUCAGO  |  WEDNESDAY, 13 MAY 2026
... services director Ashley Arandez has been sentenced to five and a half years imprisonment after admitting to dishonest conduct, operating an unlicensed financial services business and dealing with proceeds of crime tied to $1.97 million in investor funds. ...

Former Berndale director pleads guilty

VINNY VUCAGO  |  MONDAY, 4 MAY 2026
... D'Amore admitted to three combined charges before the Federal Court, covering breaches of directors' duties, dishonest conduct in financial services, and providing false or misleading information to the regulator. The charges follow earlier action ...

Former adviser incurs additional charges for dishonest conduct

RIDDHIMA TALWANI  |  FRIDAY, 6 MAR 2026
... PWM between the period of 11 December 2018 and 9 September 2025. Cuthbertson previously faced six charges of dishonest conduct in relation to a financial product and one charge of the same offence committed by proxy. Cuthbertson appeared at Downing Centre ...

ASIC bans adviser who stole from super accounts

JAMIE WILLIAMSON  |  FRIDAY, 6 FEB 2026
... on fraud charges last year, has been permanently banned by ASIC. Valvo was convicted last year of engaging in dishonest conduct after he stole $110,000 from clients' Wealthtrac superannuation accounts under the guise of adviser fee forms that authorised ...

Adviser banned after $11.3m loss

ELIZA BAVIN  |  WEDNESDAY, 22 OCT 2025
... increased over the period, when, in fact, their investments had lost 90% of their value. ASIC determined this was dishonest conduct according to the standards of ordinary people, highly unprofessional, and lacking in sound judgement and integrity. Additionally ...

Guilty plea entered in Ponzi scheme case

JAMIE WILLIAMSON  |  TUESDAY, 5 AUG 2025
... financial services business without and AFSL and duped investors out of nearly $2 million has pleaded guilty to dishonest conduct and dealing with proceeds of crime. Ashley Arandez pleaded guilty to dishonest conduct, unlicensed conduct, and dealing ...

Former adviser charged over clients' near $1m loss

MATTHEW WAI  |  WEDNESDAY, 30 JUL 2025
... Professional Wealth Investments (PWI) appeared in the Downing Centre Local Court yesterday on six charges of dishonest conduct in relation to a financial product, contrary to s 1041G of the Corporations Act and one charge of the same offence committed ...
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