Unlicensed advice provider faces court
A business found to have provided unlicensed investment advice has appeared in court following an ASIC investigation.
by Reporter - March 30, 2015 4 comments
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.
Advertisement
Advertisement
4 commentsjoin the conversation
related articles
latest news
ASIC confirms Endeavour, Linchpin wind up
The corporate regulator has confirmed orders from the Federal Court of Australia...
Former CBA adviser permanently banned
The corporate regulator has permanently banned a former Commonwealth Bank-aligne...
Hayne devalued financial advice, says AFA
The Association of Financial Advisers has called out the Hayne royal commission ...