Day: December 23, 2024

The Australian arm of South African financial services conglomerate Sanlam Group will need to have its compliance processes reviewed by an independent expert after it admitted to breaching its licensee obligations and provided a court enforceable undertaking (CEU) to ASIC. ASIC’s investigation into Sanlam Private Wealth Pty Ltd (Sanlam) uncovered concerns that the Australian financial …

Sanlam admits to inadequate oversight of authorised representatives Read More »

The Australian arm of South African financial services conglomerate Sanlam Group will need to have its compliance processes reviewed by an independent expert after it admitted to breaching its licensee obligations and provided a court enforceable undertaking (CEU) to ASIC. ASIC’s investigation into Sanlam Private Wealth Pty Ltd (Sanlam) uncovered concerns that the Australian financial …

Sanlam admits to inadequate oversight of authorised representatives Read More »

Last Friday, 20 December 2024, Vittorio Letizia, of Cottesloe, Perth appeared at Perth Magistrates’ Court charged with five counts of insider trading in connection with purchases made in Genesis Minerals Limited shares in September 2021. ASIC alleges that Mr Letizia engaged in insider trading on five occasions in September 2021 when he purchased Genesis shares …

Perth accountant charged over alleged insider trading in Genesis Minerals shares Read More »

David Sipina of Prairiewood NSW, a former contractor and promoter of Courtenay House investments, has been sentenced to three years’ imprisonment, to be served by way of an intensive correction order, for his role in the unlicensed Courtenay House financial services business. On 20 December 2024, Mr Sipina pleaded guilty in the Coffs Harbour District …

Third person sentenced for Courtenay House misconduct Read More »