Liberal senator and former listed company secretary Paul Scarr has warned the proposed reforms risk “swinging the regulatory pendulum too hard and too far”.
The FAAA is concerned about consumers without the necessary knowledge to invest in managed investment schemes being classified as wholesale investors, as the number of people meeting the test rises to 3.2 million.
As three directors face multiple criminal charges for their involvement in Sterling Income Trust, four years after it collapsed, Money Management reflects on Sterling’s troubled past.
Three directors connected to the Sterling Income Trust are facing criminal charges over the collapsed property investment and management group s schemes.