The corporate regulator has made submissions to the Federal Court to seek an order permanently banning former Wright Patton Shakespeare boss Craig Gore.
In a statement issued today, ASIC revealed it has made a formal submission requesting a permanent banning order against Mr Gore and his wife Marina Gore after an investigation found “misleading and deceptive” conduct relating to SMSF investors.
ASIC alleges that the Gores, through their companies Royale Capital and ActiveSuper, provided unlicensed financial services, failed to provide disclosure documents to investors, engaged in cold calling practices and distributed investor funds to third parties without disclosure.
On 14 April 2015, the Federal Court ruled that Mr Gore and several other parties had “contravened sections of the Corporations Act or were knowingly concerned in those contraventions”.
Mr Gore sold WPS to British politician Michael Ashcroft in 2009.
SUBSCRIBE TO THE IFA DAILY BULLETIN
News
- 21 Jun 2018Henderson Maxwell to merge with AZ NGA firmBy Aleks Vickovich
- 21 Jun 2018Aon caught lying about Dover licensing offerBy Aleks Vickovich
- 20 Jun 2018FASEA names new chief executiveBy Reporter
- 20 Jun 2018Sexual harassment debate sparked in advice industryBy Aleks Vickovich
- 20 Jun 2018Clear KPIs a key adviser motivator: reportBy Reporter
- 20 Jun 2018Dealer group to appear before royal commission’s fourth roundBy Aleks Vickovich
- view all
