by Adam Giliberti 9 September 2011Over the past decade or so, Australia has seen a number of Managed Investment Schemes (“MIS”) offering investors the opportunity to acquire an ‘agribusiness’ – the prime examples being schemes offered by Timbercorp, Great Southern and Palandri which all involve investments in a plantation of sorts – eg olives, grapes, almonds etc. These MIS schemes have failed, leaving many investors with a worthless asset as well [...]
Read the full article → by Fiona Bateman 23 November 2010Commonwealth Financial Planning (CFP), is to compensate clients who received inappropriate financial advice from one of their financial planners following an ASIC Investigation. CFP will appoint an independent expert to review the implementation of the client compensation program and the compensation offers. CFP is also reviewing client files to identify individuals who have been adversely affected and where inappropriate advice [...]
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