Appeared for The SMSF Club, instructed by Hall & Wilcox.
Enforcement proceedings for pecuniary penalties & compliance orders in connection with alleged contraventions of s 963G Corporations Act 2001 (Cth) in relation to acceptance of conflicted remuneration by authorised representative.
Heard on July 2021 and March 2022. Further hearing to be listed in November 2024.
Judgment:
Media coverage:
ASIC succeeds in decade old conflicted rem case (Professional Planner, 4 March 2024)
Court rules on licensee’s conflicted remuneration case (Money Management, 5 March 2024)
James Richardson’s RM Capital busted over lack of training for SMSF Club (West Australian, 1 March 2024)
ASIC says RM Capital did not do enough to prevent kickbacks going to SMSF Club (The West Australian, 1 March 2022)
SMSF Advisers pocketed $5000 per client: ASIC (Australian Financial Review, 12 June 2019)