Gold Coast business operators charged by ASIC
Following an Australian Securities and Investments Commission (ASIC) investigation, Jana Jaros, Jackson Laurence, and Malcom Capper of the Gold Coast have been charged over the running of two unlicensed financial services businesses.
Jaros and Capper appeared in the Southport Magistrates Court on Monday for the alleged aiding and abetting of Astra Group Pty Ltd and Old Cambridge Pty Ltd to carry out a financial services business without an Australian Financial Services (AFS) license.
All three also face charges for lodging with ASIC documents which contained false and misleading information.
The matter was adjourned until 4 September.
AUTHOR
Hope William-Smith
Recommended for you
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.
