300% Returns Promise Ends in More Than 5 Years' Prison for Australian Adviser (opens in new tab)

A former financial services director has been sentenced to 5 years and 6 months in prison after pitching self-managed superannuation fund investors yields of up to 300% on maturity, the Australian Securities and Investments Commission (ASIC) said today (Tuesday)Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)Ashley Arandez, of Hoppers Crossing in Victoria, was sentenced on May 8 in the County Court of Victoria after pleading guilty last August to dishonest...