Mr Tom Thompson of Cabarita, New South Wales, has pleaded guilty to two counts of making false or misleading statements in documents lodged with ASIC. Mr Thompson is a director of Gumquest Pty Ltd ACN 072 443 611 (Gumquest) and a former director of Bonaparte Films Pty Ltd ACN 159 657 753 (Bonaparte Films). The …
NSW director pleads guilty to making false statements Read More »
Former employment agency director Rachel Edwards (also known as Konito Pakoti) of Werribee, Victoria, has been convicted of breaching her directors’ duties and sentenced to 11 months’ imprisonment. She was immediately released on a three-year good behaviour bond. From 9 February 2009 to 26 Janurary 2016, Ms Edwards was the sole director of employment agency …
Former employment agency director sentenced for breaching directors’ duties Read More »
On 10 February 2022, former registered liquidator, Amanda Young, from Lewisham, New South Wales, was sentenced by the New South Wales District Court to a total period of three years’ imprisonment to be served by Intensive Correction Order along with 350 hours of community service. Between 10 December 2017 and 5 December 2018, Ms Young, …
The Federal Court has ordered PE Capital Funds Management Ltd into liquidation after finding that the firm breached the law by operating managed investment schemes without an AFS licence and by engaging in misleading and deceptive conduct. From around 2015, PE Capital Funds Management used the money raised by its managed investment schemes to fund …
Managed investment schemes operator ordered into liquidation Read More »
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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