Financial Rescue News
We aim to inform every day Australians of financial industry issues that are occurring around the country. We hope that by providing information, people can either avoid these scams, or can be compensated for their losses. If you have experienced financial losses due to bad financial advice, or any of the situations that are in our news articles below, we are here to help.
ASIC Warns Consumers About Investment Scams
ASIC Deputy Chairman Peter Kell said, 'The Targeting Scams report published today by the Australian Competition and Consumer Commission (ACCC) shows reports to Scamwatch on investment scams increased in 2016. ASIC is alerting the public to ways to stay informed and protect themselves from scams.
New professional standards board welcomed
The new Financial Adviser Standards and Ethics Authority has today named its board of directors, in a move welcomed by the SMSF Association.
Former Wyndham Vacation Resorts Consultant, Mr Cymon Fontaine, Jailed for Defrauding Clients
Cymon Fontaine pleaded guilty to defrauding six clients for a total of $105,910.10 and caused a loss of $4500 to another client.
