Russell Sandiford, of Rockdale, New South Wales has appeared in the Downing Centre Local Court charged with dishonest conduct in relation to a financial product or service. Following an ASIC investigation into Mr Sandiford and his company, Reiwa-Capital Pty Ltd, it is alleged that Mr Sandiford obtained $459,489.70 from 79 clients between 3 January 2020 …
Former director of Reiwa-Capital charged with dishonest conduct Read More »
ASIC has disqualified James (Jim) Soong of Concord, NSW, from managing corporations for the maximum period of five years after his involvement in two failed companies. Between February 2020 and January 2022, Mr Soong was a director of two companies: Span Form Pty Ltd (ACN 169 669 881) (de-registered); and W. Resources Pty Ltd (ACN …
ASIC disqualifies New South Wales director for five years Read More »
ASIC has disqualified former director Roxanne Cornell of Kurunjang, Victoria, from managing corporations for the maximum period of five years due to her involvement in the failure of three companies. Between November 2015 and February 2020, Ms Cornell acted as the director of three companies in the construction industry: Coconut Post Tensioning Pty Ltd (ACN …
ASIC is seeking feedback from responsible entities of managed investment schemes and corporate directors of corporate collective investment vehicles (CCIVs) on proposals to remake ‘sunsetting’ class orders. Consultation Paper 368 (CP 368) Remaking ASIC class orders: [CO 13/519] and [CO 13/656] sets out ASIC’s proposals on: Class Order [CO 13/519] Changing the responsible entity; and …
On 17 March 2023, former Tesla Motors Australia Pty Ltd (Tesla Australia) director Kurt Schlosser, of Sydney, New South Wales, was sentenced in the Sydney District Court following his guilty pleas to two insider trading offences. Mr Schlosser was sentenced to two years and six months imprisonment, to be released immediately upon entering into a …
Former Tesla Motors Australia director sentenced for insider trading Read More »
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