Tag: ASIC

  • ASIC bans former Magnolia Group Capital director from providing financial services

    The Australian Securities and Investments Commission (ASIC) has disqualified former Magnolia Capital Group director Mitchell Atkins from managing corporations for a period of 5 years and banned him for a period of 10 years from providing financial services and engaging in credit activities. The Magnolia Capital Group of companies collapsed in 2022 owing unsecured creditors…

  • ASIC suspends AFS licence of Suetonius Wealth Management

    The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services (AFS) licence of Sydney based financial services provider, Suetonius Wealth Management Pty Limited. The suspension, which will last until 28 February 2024, reflects the fact that Suetonius had failed to lodge its financial statements and audit reports for financial years ending 30…