corporations act

Financial planning

A New South Wales mortgage scheme has had a receiver appointed to it despite fears of investors involved in it that a receiver would increase the potential capital losses...

Financial planning

Loan scheme directors to reimburse clients

Three directors involved with a loans scheme to fund development of an invention have been found to have operated an unregistered managed investment scheme by the Austral...

Financial planning

ETF investors get ASIC relief

Investors in the string of exchange traded funds (ETFs) offered by State Street global Advisors (SSgA) on the Australian stock exchange have been granted an exemption fro...

Financial planning

Lonsec recommends Macquarie unit trust

Lonsdale Securities has given a recommended rating to the latest retail offering from Macquarie Direct Investment (MDI), the Macquarie Private Equity Trust II (MPET II), ...

Financial planning

Former Pegasus director struck off for 30 years

A former director of the Pegasus Leveraged Options Group, Craig John McKim, has been banned from being involved in the management of a company for 30 years....

Financial planning

First cab off the rank with AFS licence

The Australian Securities and Investments Commission (ASIC) has issued its first ever license under the Financial Services Reform Act (FSR), with the first cab off the ra...

Financial planning

Adviser pleads guilty over Wattle scam

A former Canberra based investment adviser has pleaded guilty to 13 charges of knowingly acting in contravention of the Corporations Act by offering his clients interests...