July 29, 2020
The Federal Court has made orders to wind up MyWealth Manager, an unregistered managed investment scheme (the Scheme). The Court found the Scheme had been operated by Mustafa Mohammed, Mahek …
Continue reading “ASIC Takes Action to Wind up Illegal Investment Scheme MyWealth Manager”
June 26, 2020
ASIC has seen a rise in the number of investment scam reports from Australian consumers and investors during the COVID-19 (coronavirus) pandemic. Reports of misconduct received by ASIC from March …
Continue reading “Rise in Investment Scams During COVID-19 Pandemic”
June 17, 2020
Today ASIC put responsible entities (REs) of all managed investment schemes (MISs) ‘on notice’ that they must ensure their investment fund advertising provides clear, balanced and accurate information. This follows …
Continue reading “Investment Funds Told to Correct Advertising and Disclosure”
May 27, 2020
Wombat Invest has launched fractional share-trading in some of the top UK companies from as little as £10, the mobile-only investment app announced. The platform, whose customer base is mostly …
Continue reading “Wombat Invest Launches Fractional Share-Trading In The UK”
May 10, 2020
ASIC warns consumers about investment advertising that compares fixed-term investment products to bank term deposits. A surge in such marketing of fixed-term investment products in recent months has prompted ASIC …
Continue reading “ASIC Warns Consumers: Investment Advertising Is Not Always ‘True to Label’”
April 29, 2020
The Financial Conduct Authority (FCA) has commenced proceedings in the High Court against 24HR Trading Academy Ltd (24HTA) and its sole director, Mohammed Fuaath Haja Maideen Maricar. The FCA alleges …
March 3, 2020
Washington D.C., Feb. 25, 2020 — The Securities and Exchange Commission today announced the opening of registration for its compliance outreach program’s national seminar for investment companies and investment advisers. …
February 27, 2020
Mr Michael Ming Jinn Ho, 32, of Lilyfield, New South Wales, today appeared in the Downing Centre Local Court and has pleaded guilty to insider trading and communicating inside information. …
February 26, 2020
BNY Mellon recently revealed in an announcement that it has partnered with Liontrust on its efforts in improving the asset management platform. As per the statement released by the firm, …
Continue reading “BNY Mellon Partners With LionTrust to Boost Investment Management Platform”
January 25, 2020
January 21, 2020 (Toronto, Ontario) – Nearly nine in 10 (87%) of current investors and nearly seven in 10 (67%) of aspiring investors feel it’s important that investment advice come …
