ASIC gets order to wind up Brisbane firm

The Federal Court of Australia in Melbourne has ordered financial services fund Global Merces Funds Management Ltd to be wound up on “just and equitable grounds”.

ASIC slugs adviser with permanent ban

ASIC has permanently banned SMSF financial adviser (FA) Tram Tran of NSW after she allegedly transferred a client’s self-managed super fund (SMSF) into a trust account, for which she was the sole director, and after disqualifying her in July as SMSF auditor.