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 permanently bans former Sydney Financial Advisor Ross Hopkins
Former Financial Advisor Ross Hopkins has been permanently banned by ASIC from providing financial services or from controlling an entity carrying on a financial services business due to serious dishonest conduct.
Investment Scams: Where To Get Help
There are many types of scams that happen in Australia. Depending on the circumstances, there are a number of organisations which can help, including organisations who can assist with the emotional toll these scams can take on your mental health.
Former SMSF Adviser Lawrence Toledo Charge
Lawrence Toledo, breached an existing banning order, by providing financial advice to an SMSF to invest in Premier Realty Group Pty Ltd and arranging the sale of a financial product (70,000 shares in Premier Realty Group for $70,000) to the SMSF
Investment Scams: Report a Scam
While you can report a scam to the ACCC, they are unable to help you recover your financial losses resulting from the investment scam.