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Showing 1 - 10 of 280 results for "Pty Ltd."

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
ASIC has instigated "urgent proceedings" in the Federal Court against Brisbane financial adviser Sunny Prakash and his many associated companies. The corporate regulator is investigating Prakash and his "related companies" - Principal Financial Services ...

ASIC bans former risk adviser

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
... is not a fit and proper person to perform the roles. Previously, Durant was the sole director of Assurance Corp (Aust) Pty Ltd (Assurance Corp). Both Durant and Assurance Corp were authorised representatives of Insurance Advisernet Australia Pty Limited ...

Diverger aims to increase profits via scalability

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
Diverger's net profit after tax dropped by 24% to $2.83 million in FY23 on the back of mergers and acquisitions - something it will continue to pursue. Reporting to the ASX, Diverger announced the completion of four acquisitions and projected collectively ...

ASIC sues debt management firm, director

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
... never even passed on to their creditors. ASIC has commenced proceedings in the federal court against Bakken Holdings Pty Ltd (Bakken), an operator of the debt management business Solve My Debt Now, following concerns of substantial consumer harm. It ...

Former director pleads guilty to super misuse

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
Mudasir Mohammed Naseeruddin has pleaded guilty to misconduct charges after he encouraged investors to move their super into a self-managed superannuation fund (SMSF) to lend those funds to his two companies. Naseeruddin admitted guilt to two charges ...

ASIC permanently bans former financial adviser

CASSANDRA BALDINI  |  TUESDAY, 27 JUN 2023
Former financial adviser John Wertheimer has been banned by the regulator after he was convicted of using the Netwealth platform to access client accounts and make unauthorised transactions. In May 2020, Wertheimer made 48 unauthorised transactions ...

Director banned for eight years

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
... investors in the event RES cannot recover the funds elsewhere. "Mr Fox, a former director of Urban Recycling Solutions Pty Ltd ("URS"), was heavily involved in the management of a project associated with the development and manufacture of Plazrok - an ...

Illegal early release of super sees director banned

CHLOE WALKER  |  TUESDAY, 18 APR 2023
... credit activity for the period as a result. Edden-Brown was the sole director and shareholder of Edden Brown Holdings Pty Ltd (EBH), the corporate trustee for the Enigma Corporation Trust (Enigma Corporation) and the Equitibanx Australian Trust (Equitibanx). ...

Final voting for ESG Power50 open

RACHEL ALEMBAKIS  |  THURSDAY, 9 MAR 2023
FS Sustainability is launching the final voting round of the inaugural ESG Power50, a list that will name the 50 most influential ESG professionals working at ASX-listed companies in Australia. For the first time, readers of FS Sustainability along ...

TIP Group to acquire advice firm

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
Teaminvest Private Group (TIP) has announced its plan to acquire financial advice firm Enva Group for up to $2.5 million. It explained the boutique financial adviser has approximately $400 million of funds under advice (FUA) and will add strategic value ...
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