A former authorised representative of Ballast Financial Management has been restrained from providing financial services due to an ASIC-requested court order issued by the Federal Court.
Following an ASIC application, the Federal Court in Perth has made interim asset preservation orders by consent against former West Australian adviser Marion Joan Pearson and her company Colisa.
A statement from ASIC said the court also made interim consent orders restraining Ms Pearson from providing financial services advice, dealing in financial products and dealing with client accounts.
“ASIC obtained these orders in connection with its investigation into the use of investor funds, which were largely self-managed superannuation funds,” it said.
“ASIC sought interim orders pending the outcome of its ongoing investigation, to preserve investors' assets and interests,” it added.
Ms Pearson has the right to apply to vary the orders.
News
- 23 Jan 2019Adelaide adviser permanently banned from industryBy Eliot Hastie
- 23 Jan 2019Bowen slams ‘woeful’ handling of royal commissionBy James Mitchell
- 23 Jan 2019Gender super gap lower but still at 34%By Adrian Flores
- 22 Jan 2019Advice issues stem from writing of SOAs, says RafteryBy Adrian Flores
- 21 Jan 2019Federal Court winds up CFS Private WealthBy Eliot Hastie
- 22 Jan 20192.44m Aussies suffer from financial stressBy Sarah Simpkins
- view all
