Mark Goldenberg banned after illegal credit activities

ASIC-ban/superannuation/

10 March 2020
| By Jassmyn |
image
image
expand image

Mark Travis Goldenberg has been permanently banned by the corporate watchdog from engaging in credit activities after operating an illegal early access to superannuation scheme in Perth.

The Australian Securities and Investments Commission (ASIC) found Goldenberg contravened credit legislation and had been involved in a contravention of credit legislation. It also believed that Goldenberg was not a fit and proper person to engage in credit activities.

Goldenberg was the chief operating officer, general manager, property analyst, and sole shareholder of Superfunded.

ASIC said Superfunded operated an illegal early access to super scheme to allow people to use their super savings to buy a home.

“Goldenberg and Superfunded engaged in credit activities but neither he, nor Superfunded, held an Australian credit licence, or were authorised credit representatives of an Australian credit licensee,” ASIC said.

In May 2009, Goldenberg was permanently banned from providing financial services, and in August 2019 he was banned from providing financial services and engaging in credit activities for a period of eight years.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 3 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 3 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 1 day ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

2 weeks 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND