News : ASIC

ASIC, Investments

Court orders more action against MIS operator

The Federal Court has ordered action to be taken against more related entities of a scheme operator that attracted money from SMSF investors.

The Federal Court has ordered action to be taken against more related entities of a scheme operator that attracted money from SMSF investors.

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ASIC

Mawhinney to appeal court decision

Mayfair 101 Group managing director James Mawhinney has vowed to fight the Federal Court's most recent restriction against him.

Mayfair 101 Group managing director James Mawhinney has vowed to fight the Federal Court’s most recent restriction against him.

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ASIC, financial advice, Financial Planning, Property

SMSF property advice leads to ban

An adviser who recommended the use of SMSFs for property investments has been banned for not acting in his clients’ best interests.

An adviser who recommended the use of SMSFs for property investments has been banned for not acting in his clients’ best interests.

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ASIC, Compliance, financial advice, Financial Planning

Further Shield adviser action sought

ASIC is looking to pursue further action against an adviser involved in the failed First Guardian and Shield master funds.

ASIC is looking to pursue further action against an adviser involved in the failed First Guardian and Shield master funds.

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ASIC, Compliance, financial advice, Financial Planning

ASIC cancels licence over Shield advice

ASIC has cancelled an advice firm’s licence and banned two senior staff for recommending clients move super into the Shield Master Fund.

ASIC has cancelled an advice firm’s licence and banned two senior staff for recommending clients move super into the Shield Master Fund.

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ASIC, Compliance, Regulation

ASIC restructure netting results

The number of investigations and civil proceedings has increased significantly after a revamp of the staff structure within ASIC.

The number of investigations and civil proceedings has increased significantly after a revamp of the staff structure within ASIC.

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ASIC, financial advice, Financial Planning, Legislation

Former adviser appears in court

The alleged misappropriation of $4.1 million belonging to clients has seen a former financial adviser front the Perth Magistrates Court.

The alleged misappropriation of $4.1 million belonging to clients has seen a former financial adviser front the Perth Magistrates Court.

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ASIC, Compliance, financial advice, Financial Planning

Financial services misconduct ongoing

The latest ASIC accounts of misconduct and website removals remain high with the regulator cautioning consumers to remain on alert.

The latest ASIC accounts of misconduct and website removals remain high with the regulator cautioning consumers to remain on alert.

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ASIC, Compliance, fraud

ASIC bans Adelaide accountant

The Australian Securities and Investments Commission has banned an Adelaide-based accountant after he was convicted of aggravated theft.

The Australian Securities and Investments Commission has banned an Adelaide-based accountant after he was convicted of aggravated theft.

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ASIC, financial advice, Financial Planning

Former adviser cops four-year ban

A former financial adviser based on the Gold Coast has received a four-year ban from ASIC for failing to act in the best interest of his clients.

A former financial adviser based on the Gold Coast has received a four-year ban from ASIC for failing to act in the best interest of his clients.

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