Brite Advisors to be wound up
The Federal Court has ordered Brite Advisors (Brite) to be wound up on just and equitable grounds following an application by ASIC.
Source: financialstandard.com.au
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Federal court orders liquidation of UK pension management firm
Wind-up ordered on "just and equitable grounds"
Source: brokernews.com.au
Global advisory group accused of fund misappropriation
It is “highly likely” that global advisory group Brite Advisors misappropriated client funds for its own purposes, the Federal Court has heard, as receivers examine the variance of $100 million in its accounts.
Source: moneymanagement.com.au
The countdown continues
Yesterday we started the countdown of the top 10 stories on SMSF Adviser for 2023. Now it’s time to see what our readers really connected with over the past year with the top five stories of the ye
Source: smsfadviser.com
Federal Court appoints receivers to investigate Brite Advisors
The Federal Court has appointed Linda Smith and Robert Kirman of McGrathNicol as corporate receivers to probe Brite Advisors, following serious concerns about the management of client pension funds.
Source: financialstandard.com.au