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.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 22 Jun 2018AMP chair urges RC to not to restrict business modelsBy Reporter
- 22 Jun 2018David Murray takes reins as AMP chairmanBy Reporter
- 22 Jun 2018Fitzpatricks announces new licensee bossBy Aleks Vickovich
- 21 Jun 2018AFSL regime stifling client-centric advice: FPABy Killian Plastow
- 21 Jun 2018Henderson Maxwell to merge with AZ NGA firmBy Aleks Vickovich
- 21 Jun 2018Aon caught lying about Dover licensing offerBy Aleks Vickovich
- view all