Former broker pleads guilty in ASIC case
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Sarah Buckley
Sarah Buckley
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A former broker has pleaded guilty to aiding and abetting his brokerage in knowingly making a false statement to ASIC in an annual compliance certificate.
The director of a former Melbourne-based brokerage Advanced Choice Finance Pty Ltd (ACF) has pleaded guilty to aiding and abetting ACF in making a false statement in a credit licence annual compliance certificate lodged with the Australian Securities and Investments Commission (ASIC).
In January 2017, Ding (Tim) Yang, who was the sole person and responsible manager on ACF’s credit licence, allegedly falsely stated in the annual compliance certificate that none of ACF’s fit and proper people had their accreditation cancelled by a lender or their membership with an aggregator terminated.
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January 17, 2021
Fan Yiran was shot dead in Chicago on Jan 9, 2021.
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Tim Yang was driving with his girlfriend on a highway in Indiana when she received a text message saying a Chinese doctoral student at the University of Chicago, 30-year-old Fan Yiran, was among those killed in a shooting rampage in the city the day before.
A PhD student himself at Purdue University, about two hours drive from Chicago s South Side neighbourhood where Fan was gunned down, Yang said he was struck by the randomness of the killing. I ve driven past the garage where he was shot, there are a lot of Chinese international students living in that area, he said. It s hard to bear, it s too close to me.