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Showing 1 - 10 of 24 results for "Unregistered managed investment schemes"

ASIC bans property wealth coach operating without licence

RIDDHIMA TALWANI  |  MONDAY, 11 MAY 2026
... professionalism and trustworthiness. ASIC said Giumelli contravened the law by operating unregistered managed investment schemes (MIS) and carrying on a financial services business without an Australian financial services license (AFSL) for eight years. ...

Adviser reprimanded over clients' loss of cover

JAMIE WILLIAMSON  |  THURSDAY, 26 MAR 2026
... direction issued to an adviser who recommended a client establish an SMSF to invest in certain unregistered managed investment schemes that were unsuitable to the client as they were for wholesale investors.

Governance issues on the rise: ASIC

ELIZA BAVIN  |  WEDNESDAY, 25 FEB 2026
... investor issues totalled 44%, relating to credit issues, general licence obligations, unregistered managed investment schemes, unlicensed provision of financial services conduct, and other conduct related to advice, insurance, and misleading and deceptive ...

ASIC warns of 'sharp rise' in financial misconduct

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... documents signed, which contained high fees. About 40% of reports were in relation to unregistered managed investment schemes or financial services being provided without an Australian financial services licence (AFSL). The balance was issues related ...

Illegal investment scheme operator to pay $1.25m

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... the schemes. The court found that Hopkins and The A Team Property Group were operating unregistered managed investment schemes and carrying on a financial services business without a licence. ASIC said Hopkins and The A Team Property Group promoted joint ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... custodial and depository services to wholesale clients. It also provided trustee services to unregistered managed investment schemes, including the Magnolia Capital Opportunities Fund II (Magnolia Head Fund). Magnolia director Mitchell Atkins was an ...

ASIC acts against illegal investment scheme operator

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
ASIC is suing the operator of several unregistered managed investment schemes that, among other investors, targeted SMSF members. Sasha Hopkins, director of The A Team Property Group, is facing civil action for alleged unlicensed conduct and running ...

ASIC releases CCIV guidelines

CASSANDRA BALDINI  |  FRIDAY, 24 JUN 2022
... that covers the nominated responsible manager's competence in operating registered or unregistered managed investment schemes of the same asset type as proposed to be held by the CCIV," the report stated. "We will also accept re-lodgement of 'fit ...

PE Capital in liquidation

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... deceptive conduct. The court found that over $16 million was invested in the registered and unregistered managed investment schemes, believing that such products are insolvent. From 2015, PE Capital used the money raised via the MISs to fund eight mixed-use ...

ASIC to wind up PE Capital

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
... and its managed investment schemes. The regulator is alleging that PE Capital operated unregistered managed investment schemes including the PE Capital Property Development Fund, PE Capital Asia Wholesale Diversified Income Fund and PE Capital Asia Wholesale ...
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