Tagged: ASIC
4 articles we've published with this tag.
Freedom Foods to Noumi: inside the write-down that gutted a food stockHow Freedom Foods went from ASX darling to a $590m write-down and a rebrand as Noumi, and what the regulators found along the way.By Colin Ashworth
Firepower: the fuel pill scheme that burned through millions before it collapsedFirepower promised a pill that would slash fuel bills and sponsored Australian sport. It collapsed owing hundreds of millions, and ASIC pursued its director for years.By Colin Ashworth
Storm Financial: the advice firm that wiped out a generation of retireesHow a Townsville financial planning firm built a leveraged investment model that worked brilliantly in a bull market — and then destroyed thousands of ordinary Australian lives when the GFC arrived.By Ray Petrakis
AMP and fees for no service: the conduct the Banking Royal Commission exposedThe 2018 Banking Royal Commission found AMP had charged customers for advice they never received — and then misled the regulator about it. Here is what the record shows.By Colin Ashworth