managed investment scheme

Financial planning

Federal Court winds up unregistered MIS and disqualifies director

An unlicensed financial adviser, Monica Kaur, has been permanently restrained from carrying on a financial business and her unregistered managed investment has wound up b...

Financial planning

Adelaide-based AFSL sees licence suspended

ASIC has suspended the AFS licence of a managed investment schemes and general advice provider after it failed to lodge financial statements and audit reports for the fin...

Funds management

Where are funds going wrong under DDO?

ASIC has outlined the most common mistakes made by funds when creating their target market determinations as well as how many products have been withdrawn from the market...

Financial planning

Four officers found guilty of breaching duties in $17m MIS

The Court found the officers of Linchpin Capital Group and Endeavour Securities breached their duties in managing a $17 million managed investment scheme and did not act...

Policy & Regulation

Should MIS review single out property schemes?

A financial services lawyer has raised questions about the managed investment scheme review focusing so heavily on the real estate asset class. ...

Financial planning

Govt launches consultation on MIS regulatory framework

The Government has announced it will launch a consultation into the regulatory framework for managed investment schemes after several high-profile failures....

Policy & Regulation

ASIC commences Federal Court action against Daly and Linchpin directors

The Australian Securities and Investments Commission has commenced Federal Court proceedings against Peter Daly and other current and former directors of Linchpin Capital...

Policy & Regulation

ASIC flags class order relief on Govt class action changes

The law, as it stands, around financial services licensing and managed investment schemes was not designed or intended to handle class action litigation funding, accordin...

Funds management

What investment is 17 times better than the ASX?

Litigation funders are extracting returns which are 17 times better than you’re likely to extract from the ASX 200 and 10 times better than global hedge fund managers....

Funds management

Will lawyers find themselves in the same regulatory boat as advisers?

The Government’s proposed changes to class action and litigation funding may see lawyers subject to some of the same obligations as financial advisers, according to the A...

Funds management

ASIC takes action against Marco’s managed investment scheme

The Australian Securities and Investments Commission has taken further steps to wind up Chris Marco’s alleged unregistered managed investment scheme....