Brokerage Author

ASIC permanently bans former NSW financial adviser Nicholas Ellis

ASIC has permanently banned former financial advisor Nicholas Ellis, of Valentine, NSW, from providing financial services and engaging in credit activities. In October 2019, Mr Ellis was sentenced to three years imprisonment for fraud offences, to be served by way of an Intensive Correction Order (19-287MR). Following the conviction, ASIC pursued the banning order to …

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Traders Watch

Unauthorised firm – Traders Watch Address: 9 Drayton Close, Cambridge, Cambridgeshire, UNITED KINGDOM, CB1 9EY Telephone: 2037691824 Email: [email protected] Website: www.traderswatch.org 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.

Ibex Prime

Unauthorised firm – Ibex Prime Address: General Media OU, Jivot St. 13, BULGARIA, Sofia Telephone: 2036951177 Email: [email protected] Website: www.ibexprime.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.

AB Capitals

Unauthorised firm – AB Capitals Telephone: 2080897894 Email: [email protected] Website: www.abcapitals.net, www.abcapitals.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.

ASIC consults on s444GA share transfers under a Deed of Company Arrangement

ASIC has released a consultation paper on a proposal to formalise its policy on share transfers made under s444GA of the Corporations Act. ASIC will seek public input on the proposal until Tuesday 28 February 2020. Section 444GA permits a court to grant leave to allow an Administrator to transfer shares as a part of …

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UK Bonds

Unauthorised firm – UK Bonds Address: Park W Pl St George’s Field, London, W2 2QZ Telephone: 2039660111 Website: https://ukbonds.org.uk 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.

Direct Fixed Income

Unauthorised firm – Direct Fixed Income Telephone: 02 03 807 3420 Website: http://www.directfixedincome.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.

Former Kleenmaid director found guilty of fraud and insolvent trading after a 59-day trial

On 10 January 2020, former director and founder of the Kleenmaid group of companies, Andrew Eric Young, was found guilty in the District Court of Queensland on 19 charges arising from the collapse of the national white goods distributor. Following a trial lasting 59 days, the jury found Mr Young guilty of: one count of …

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ASIC bans Perth SMSF adviser

ASIC has banned Perth-based adviser Wayne Blazejczyk from providing financial services for five years for failure to meet best interests obligations when providing advice on self-managed super funds (SMSFs). This follows an ASIC surveillance of advice provided by Mr Blazejczyk when he was an authorised representative, responsible manager and director of Australian financial services licensee …

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