ASIC has today released its Enforcement Update for January to June 2021. During this period, ASIC continued to pursue its enforcement priorities for a fair, strong and efficient financial system for all Australians. Between January and June 2021, ASIC recorded the following enforcement outcomes: $29.6 million in civil penalties imposed by the courts; 133 people …
Anthony Ronald Lawless of Maribyrnong, Victoria, has been disqualified from managing corporations for eighteen months after his involvement in three failed companies. Mr Lawless was a director of three companies that went into liquidation in 2018 and 2020: Lawless Group Pty Ltd ACN 111 524 282 (Lawless Group); 4D Joinery Pty Ltd ACN 615 220 …
ASIC disqualifies Victorian director from managing corporations Read More »
Unauthorised firm – TOP ISA Website: www.compare-top-isa.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.
Mohamad Elriche of Bass Hill, NSW, has been disqualified from managing corporations for the maximum period of five years for his involvement in three failed companies that operated in the construction industry. Between 2017 and 2020, Mr Elriche was a director of three companies: Bob Construction Pty Ltd ACN 621 274 913 (Bob Construction); Precise …
NSW company director disqualified from managing corporations for five years Read More »
Unauthorised firm – Golden-Gate Address: RODOS BUSINESS CENTRE, P.O. Box 26585, CY – 1640 Nicosia, Cyprus Telephone: +61879148648, +61291361668, 01224928704, 01519470625 Email: [email protected], [email protected] Website: golden-gate.co.uk, golden-gateservices.com, https://goldenshare.io/ 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 has ordered National Australia Bank Limited (NAB) to pay an $18.5 million penalty for failures relating to misleading fee disclosure statements. The Court also declared NAB contravened its obligations as an Australian financial services licence holder to act efficiently, honestly and fairly by failing to have procedures and systems in place to …
NAB to pay $18.5 million penalty for fee disclosure statement failures Read More »
On 17 August 2021, former auditors of Halifax Investment Services Pty Ltd (Halifax), Mr Robert James Evett and EC Audit Pty Ltd (formerly Bentleys NSW Audit Pty Ltd) were convicted and sentenced to pay a fine of $10,000 and $40,000 respectively for failing to conduct audits in accordance with auditing standards. Mr Evett and EC …
Halifax auditor convicted and fined for audit breaches Read More »
Six reforms arising out of recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission) and other inquiries will commence in October. The new laws include design and distribution obligations, restrictions on the unsolicited selling of financial products (hawking), a deferred sales model for add-on insurance products, reference …
ASIC’s approach to new laws reforming financial services sector Read More »
On 6 July 2021, EC Audit Pty Ltd (EC Audit) (formerly Bentleys NSW Audit Pty Ltd), an authorised audit company, entered pleas of guilty at the Downing Centre Local Court, Sydney, to three charges relating to alleged failure to conduct audits in accordance with auditing standards. Mr Robert James Evett, director of EC Audit and …
Halifax auditor pleads guilty to criminal charges Read More »
Unauthorised firm – Capital Trade Email: [email protected] Website: capital-trade.io 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.
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