ASIC has today released a consultation paper seeking feedback on proposed changes to the fees and costs disclosure regime for managed investment schemes and superannuation. To assist industry in understanding the proposals, the consultation paper includes a proposed updated Regulatory Guide 97 Disclosing fees and costs in PDSs and periodic statements (RG 97), as well …
Unauthorised firm – Ravenstone Corporate Partners Address: 500 West 41st Street, New York, UNITED STATES OF AMERICA, 10018 Telephone: +1 9142943943, +1 9142943941, +1 7778861665 Fax: +1 9144623949 Email: [email protected] Website: www.ravenstonepartners.com Be aware that some firms may give out other details or change their contact details over time to new email addresses, telephone numbers …
Unauthorised firm – Clarksdale Corporate Partners Address: 441 West End Ave, New York, UNITED STATES OF AMERICA, 10024 Telephone: +1 9142943966 Fax: +1 9144623969 Email: [email protected] Website: www.clarksdalecorporate.com Be aware that some firms may give out other details or change their contact details over time to new email addresses, telephone numbers or physical addresses.
The Federal Court of Australia made interim orders on 20 December 2018 restraining Askk Investment Group Pty Ltd (Askk) from dealing with funds in their bank accounts in relation to a suspected land banking scheme. Askk is also restrained from selling or otherwise dealing in the property which is the subject of the land banking …
ASIC acts to freeze funds in land banking scheme Read More »
ASIC has commenced civil penalty proceedings in the Federal Court against Port Phillip Publishing Pty Ltd (PPP), an online financial publisher and Australian financial services licence (AFSL) holder, and its director and CEO, Kristan Sayce. The proceeding concerns an article promoting an investment strategy which, according to PPP, consumers could adopt to “piggyback”, or mimic …
Former Sydney financial adviser, Mr Daniel McSweeny, has been charged with 20 dishonesty offences alleged to have been committed when he was a company director. McSweeny ran financial services business, Wealth Achievers, with offices in Parramatta and Mosman. McSweeny appeared in the Downing Centre Local Court in Sydney today. During the relevant period, McSweeny was …
Dishonesty charges laid against former Sydney financial adviser Read More »
he Australian Securities and Investments Commission (ASIC) has today released a consultation paper proposing to remake its class order regarding warrants and out-of-use notices. The class order is due to expire (‘sunset’) on 1 April 2019. ASIC proposes to remake the class order, as in ASIC’s view, it is operating effectively and efficiently, and it …
ASIC consults on sunsetting class order for warrants and out-of-use notices Read More »
Following a five-week trial in the District Court of NSW, Mr Peter Alan Gregg of Pyrmont, NSW has been found guilty of criminal charges brought by ASIC. The jury gave its verdict today in the District Court in Sydney. Mr Gregg was found guilty of two counts of contravening section 1307(1) of the Corporations Act …
Announcing its focus areas for 31 December 2018 financial reports of listed entities and other entities of public interest with many stakeholders, ASIC has called on companies to focus on new requirements that can materially affect reported assets, liabilities and profits. New accounting standards Major new accounting standards will have the greatest impact on financial …
Major financial reporting changes and other focuses Read More »
ASIC has cancelled the Australian financial services licence (AFSL) and the Australian credit licence (ACL) of Melbourne-based business, Financial Circle Pty Ltd. On 22 October 2018, the Federal Court found that Financial Circle breached numerous financial services laws and obligations, including engaging in unconscionable conduct and failing to act in its clients’ best interests. The …
ASIC cancels financial services and credit licences of Financial Circle Read More »
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