ASIC has banned mortgage broker Astna Shirtika Sahay, of Mascot NSW, from engaging in any credit activities for five years.
ASIC bans ex-NAB, AMP financial planner David O'Brien
ASIC hands down 6-year ban over dodgy SMSF advice to Jihad Soleiman
Adviser, Lawrence, O'Neill, banned by ASIC for five years
Gold Coast director and property developer sentenced to eight years’ imprisonment
“Owing investors approximately $9 million (17-246MR). Many of the investors were pensioners and were approached by telemarketing or word of mouth. Investors were convinced to borrow against their homes and were told that their money would be used to develop property in Tasmania. Instead, the money paid by investors was used to pay back interest owed to other investors, payments to employees, cash withdrawals and transfers to personal bank accounts.”
Enforceable undertaking excludes Queensland financial adviser for five years
WARNING! Potential SMSF Investors At Risk
Self-Managed Super Fund (SMSF) investors need to be made aware of a scheme that is being promoted across the country. Investors are being advised to borrow to buy off-the-plan property, misleadingly offering high rewards and promising little to no risk. For many, this has ended in unnecessary financial losses.
Former Victorian financial adviser banned for forgery
John Dimitropoulos permanently banned by ASIC from financial services and credit in connection with property and SMSF spruiking
Mr Dimitropoulos' banning arises from ASIC's ongoing investigation into a property and self-managed superannuation fund (SMSF) promoting group, which includes the companies formerly called Heritage Financial Solutions Australia Pty Ltd (in liq) (Heritage Financial Solutions) and Sunpac Finance Pty Ltd (Sunpac Finance).
