ASIC prosecutes Melbourne man
A Melbourne man has been committed to stand trial in the Melbourne Magistrates Court on 15 counts of seeking to obtain a financial advantage by deception and 108 counts of breaching directors’ duties.
The man, Spartaco Fasciale of Moonee Ponds, faced charges brought by the Australian Securities and Investments Commission relating to the operations of Fasciale Futures Trading Pty Ltd.
ASIC has alleged that between March 2004 and May, last year, nine individuals collectively invested over $1.4 million with Fasciale Futures to be used to trade on the Australian Stock Exchange and prove a monthly return on the capital invested.
Fasciale is scheduled to return to court on October 26.
AUTHOR
Mike Taylor
Recommended for you
With Fortnum Private Wealth and Professional Financial Services now unified under the Entireti umbrella company, CEO Neil Younger has detailed to Money Management the firm’s new direction and future expansion.
The FAAA has suggested looking offshore for overseas financial advisers to ease the adviser shortage, but are employers willing to take on the burden of workplace visas?
There may be a huge influx of alternatives coming to the market, but timing and access difficulties mean advisers can easily end up disappointed with their selection, according to Morningstar global CIO Dan Kemp.
An NSW individual has pleaded guilty to one criminal charge of providing unlicensed financial services after promoting crypto investments at national seminars.
