A former authorised representative of the now-defunct Kedesco Pty Ltd has appeared before the Dromana Magistrates Court in Victoria and charged with 10 offences, following an ASIC investigation.
According to a statement from the Australian Securities and Investments Commission, Kevin Maxwell George Whitting provided “inappropriate advice to five investors” when he was employed by Shelbourne Financial Services on the Mornington Peninsula.
The advice was given to five investors who collectively invested $684,000 in the Blue Diamond Deposits Trust No. 1 (BDT) between September 2008 and January 2009, a managed investment scheme which collapsed in 2010.
Whitting is to appear again in the Dromana Magistrates Court on 13 June 2013.
SUBSCRIBE TO THE IFA DAILY BULLETIN
23 Jan 2018Financial advice changing of guard ‘positive’By Staff Reporter
23 Jan 2018Royal commission, best interests duty and 2018 outlookBy Staff Reporter
23 Jan 2018Advisers challenged by geopolitical climate: reportBy Staff Reporter
23 Jan 2018ASIC to shadow shop mortgage brokersBy Annie Kane
22 Jan 2018Consumers less confident buying insurance onlineBy Staff Reporter
22 Jan 2018Hub24 announces platform enhancementsBy Staff Reporter
- view all