The Federal Court has ordered RI Advice Group Pty Ltd to pay a $6 million penalty for failing to take reasonable steps to ensure that its authorised representative, John Doyle, provided appropriate financial advice, acted in his clients’ best interests and put clients’ interests ahead of his own. Mr Doyle, a former financial adviser and …
Mr Jin Xi Li, of Caloundra, Queensland, has pleaded guilty to two insider trading offences when trading in Contracts for Difference (CFD) of PanAust Limited (ASX: PNA). Appearing before the District Court at Brisbane, Mr Li was arraigned and pleaded guilty to one count of trading while in possession of inside information and one count …
The Australian Securities and Investments Commission (ASIC) has licensed the first crowd-sourced funding (CSF) intermediaries under the new CSF regime. Seven companies have been issued with Australian Financial Services (AFS) licence authorisations to act as intermediaries able to provide a crowd-sourced funding service. With the grant of these new authorisations eligible public companies will now …
ASIC licenses first crowd-sourced funding intermediaries Read More »
ASIC has permanently banned Mr David Mario Alafaci, of Morphett Vale, South Australia from providing financial services on the basis that he is not of good fame or character. Mr Alafaci was an authorised representative and employee of Centra Wealth Pty Ltd from 2 July 2014 to 11 January 2016 and an authorised representative of …
ASIC permanently bans South Australian financial adviser Read More »
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