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FRAUD
Financial planning
The actions of Sydney fraudster Melissa Caddick have resulted in heavy costs for the financial advice subsector, as the FAAA calls for costs of enforcement against unlice...
Financial planning
Financial planner, Gavin Fineff, used his position as a trusted adviser to swindle a dozen victims and feed an insatiable gambling addiction that ultimately landed him in...
Financial planning
A former Sunshine Coast adviser has been sentenced after pleading guilty to nine counts of fraud totalling $625k by withdrawing funds without authorisation from his clien...
Financial planning
A Tasmanian director has been sentenced to jail for a $1.8 million fraud scheme, where many of the victims were pensioners who had been targeted by cold-callers. ...
Financial planning
Mark McCabe has been charged for dishonestly obtaining over $940,000 from eight people, seven of whom were clients of his companies....
Financial planning
A former Tasmanian-based financial adviser has been convicted of fraud....
Financial planning
Financial advisers should not neglect their cybersecurity as the fast switch to remote working may have left them with inadequate protection....
Financial planning
An unregistered managed investment scheme operator in Western Australia has been charged with defrauding investors of $36.5 million in 50 counts of fraud....
Policy & Regulation
Dr Roger Munro has been sentenced to four and a half years imprisonment after pleading guilty to three counts of fraud....
Policy & Regulation
The cost of fraud to financial services in Australia is 3.78 times the amount of the lost transaction value, according to a study....
Policy & Regulation
The Queensland property developer has been found guilty of six counts of self-managed super fund fraud totalling $345,000, having initially arrested back in 2017....
Policy & Regulation
The Tax Practitioners Board has terminated the registration of a tax practitioner who filed 100 tax returns without checking the identity of the clients....
SMSF
The corporate watchdog allege that Brett Gordon withdrew $502,000 from self-managed super fund bank accounts without authorisation, and paid personal debts using funds be...
Superannuation
Superannuation members need to regularly check their balance given the scams and fraud activity surrounding the early release of super scheme, a super body has said....
Expert Analysis
We all need to keep our vigilance high during these extraordinary times, but perhaps nowhere is our attention more warranted than over money and data, writes Dean Martin....
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Podcast
My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...
Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...
How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...