A business found to have provided unlicensed investment advice has appeared in court following an ASIC investigation.
Byron Bay-based Senen Pousa has appeared in the Brisbane Magistrates Court charged with aiding and abetting his company, Investment Intelligence Corporation (IIC), to provide financial services without an AFSL.
If convicted, Mr Pousa will face a two-year jail sentence, a fine of $22,000 or both.
A previous ASIC investigation resulted in the freeze of $3 million in funds held by IIC.
According to the newest members of the FSC board, advice networks having a “seat at the table” is a positive development ...
ASIC has announced a permanent ban on a financial adviser based in NSW. The corporate regulator said on Friday it has ...
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin