Unauthorised firm – Friends & Pro Loans Address: UNITED KINGDOM Telephone: 7447388441 Fax: An [email protected] Email: [email protected] Website: https://friendsproloans.wixsite.com/finance/ 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.
Unauthorised firm – IFOREX24 Ltd Address: 3 Ajeltake Road, Ajeltake Island, Majuro, MARSHALLS ISLAND, MH 96960 Telephone: 2037696160 Email: [email protected] Website: www.iforex24h.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 has commenced proceedings in the Federal Court against Cigno Pty Ltd (Cigno) and BHF Solutions Pty Ltd (BHF Solutions) for alleged contraventions of the National Consumer Credit Protection Act 2009 (National Credit Act). BHF Solutions and Cigno operate a lending model that provides small amounts of credit to a large number of consumers and …
ASIC has modified the Corporations Act to prevent stub equity offers of scrip in a proprietary company being made to large numbers of retail target holders in takeover bids and schemes of arrangement. The modification follows ASIC consultation on proposals to address concerns with offers of stub equity to retail investors in control transactions (19-127MR). …
A recent ASIC surveillance has found that fund managers must do more to ensure their products are ‘true to label’ – that the product name aligns with the underlying assets. ASIC undertook a targeted surveillance of 37 managed funds operated by 20 responsible entities that collectively hold approximately $21 billion in assets. This followed ASIC …
The Federal Court of Australia has found that Rent 2 Own Cars Australia Pty Ltd (R2O Cars) failed to comply with the National Consumer Credit Protection Act 2009, including by charging some consumers an interest rate of more than 48% per annum when purchasing used cars. R2O Cars provided credit for the purchase of used …
ASIC has obtained interim orders in the Federal Court of Australia against companies in the Mayfair 101 group and their director, James Peter Mawhinney, including the appointment of provisional liquidators to M101 Nominees Pty Ltd, the issuer of the M Core Fixed Income Notes promoted by Mayfair 101. On 13 August 2020, the Court appointed …
Easy Fixed Rates Address: 15 Bennett Street, London, W4 2AR Telephone: 0208 638 5355 Email: [email protected] Website: www.easyfixedrates.com Be aware that scammers may give out other false details or change their contact details over time to new email addresses, telephone numbers or physical addresses.
Former financial adviser Brett Andrew Gordon has today appeared before the Maroochydore Magistrates Court charged with 10 counts of fraud to the total value of $975,600, following an ASIC investigation. Mr Gordon, of the Sunshine Coast, Queensland, was the director of Refocus Financial Group Pty Ltd (Refocus) and Diverse Capital Management Pty Ltd (Diverse). ASIC …
Former financial adviser Brett Gordon charged with fraud Read More »
Six of Australia’s largest banking and financial services institutions have paid or offered a total of $1.05 billion in compensation, as at 30 June 2020, to customers who suffered loss or detriment because of fees for no service (FFNS) misconduct or non-compliant advice. This is an additional $295.9m in compensation payments or offers by the …
ASIC update on compensation for financial advice related misconduct Read More »
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