
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.
Single adviser practices culled from the industry’s largest licensees may be t...
AMP will launch a new phone-based intra-fund advice service for members of its S...
The union peak body has told the Treasurer that selling pensions giant Colonial ...