Search Results for: Asic
ASIC bans convicted former adviser from credit industry
April 15th, 2014
The Australian Securities and Investments Commission (ASIC), has permanently banned Mr Pavan Vyas from engaging in credit activities after he was convicted for dishonest conduct. Mr Vyas submitted 15 false insurance applications between June 2012 and March 2013 to ...
ASIC charges former CEO of IT companies
April 15th, 2014
The Australian Securities and Investments Commissions (ASIC), has issued an announcement that Mr Peter Mavridis, of Bentleigh, Victoria, has appeared before the Melbourne Magistrates Court after an ASIC investigation led to him being charged with 24 charges of obtaining ...
ASIC: Former Portfolio manager pleads guilty to misusing his position
April 11th, 2014
ASIC has released a warning informing that a former Vanguard Investments Australia Limited portfolio manager pleaded guilty in the Supreme Court of Victoria to making improper use of his position. Mark Hildebrandt was employed by Vanguard, which acts as ...
ASIC obtains orders cancelling 15 million shares held in Northwest Resources Limited
April 11th, 2014
Following an application by ASIC, the Federal Court of Australia has ordered the cancellation of 15 million shares in ASX-listed Northwest Resources Limited (Northwest) that were held in the name of Craigside Company Limited (Craigside), a company incorporated in ...
ASIC takes civil action against Mariner and its directors
April 3rd, 2014
ASIC has started legal action against Mariner Corporation Limited (Mariner) and its current and former directors. ASIC is seeking financial penalties and disqualification orders following the company’s proposed takeover bid for listed financial services company Austock Group Limited (Austock). ...
ASIC: lender pays $30,600 penalty for misleading online advertisements
April 2nd, 2014
Australian Securities and Investments Commission (ASIC), has announced that “Paid International Ltd”, formerly known as First Stop Money Ltd, has paid $30,600 in penalties after ASIC issued three infringement notices for making misleading representations in its online advertisements. The ...
ASIC: Former finance broker pleads guilty to fraud
March 28th, 2014
ASIC has issued an announcement informing the investors the following: A former finance broker has admitted to stealing the identities of former clients so she could buy two cars, sell them to acquaintances and keep the cash from the ...
ASIC bans bankrupt financial adviser
March 28th, 2014
ASIC has banned Victorian-based financial adviser, Mr Allan Burt Vissenjoux, from providing financial services. Mr Vissenjoux, who is an undischarged bankrupt, has been banned from providing financial services until 29 May 2016. The ban expires when Mr Vissenjoux’s bankruptcy ...
ASIC bans former WA accountant
March 28th, 2014
ASIC has permanently banned former accountant, Mr Arden Rodrick Wittensleger, 44, of Menora in Western Australia, from providing financial services and engaging in credit activity. ASIC took action after Mr Wittensleger was found guilty of submitting fraudulent loan applications ...
ASIC: Melbourne man pleads guilty to $1 million fraud
March 27th, 2014
Australian Securities and Investment Commissions has issued the following announcement: Mr Carlo Cini, 56, of Altona North, Melbourne, pleaded guilty today in the Melbourne Magistrates Court to 22 offences following an ASIC investigation. The charges relate to Mr Cini’s ...
