Aggregated News From Investment Management Regulators

Former WA director charged with making false statement

Report/Flag

Please complete the required fields.



Mr Mark Edwin Armstrong, 59, of Dunsborough in Western Australia, has been charged with making a false or misleading statement to ASIC.

An ASIC investigation alleges that around 24 October 2014 Mr Armstrong, the former sole director of BAC Enterprises Pty Ltd (In Liquidation) ACN 083 222 486 made a false or misleading statement on a form that he lodged with ASIC to deregister the company. ASIC alleges that Mr Armstrong falsely asserted in the form that the company had no outstanding liabilities when it had.

Mr Armstrong is due to appear in the Perth Magistrates Court on 5 June 2020.

The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.

Making a false or misleading statement to ASIC is a breach of s1308 of the Corporations Act and carries a maximum penalty of five years imprisonment.

Regulator Information

Abbreviation: ASIC
Jurisdiction: Australia

Recent Articles

McCarter Capital Partners

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

TorexFX/42 Marketing Limited (clone of FCA authorised firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

Federal Reserve Board issues enforcement action with Texico Bancshares Corporation and Texico State Bank

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.

eagle advisory services

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

BAM Bundesweites Anlagenmanagement UG (haftungsbeschränkt), Hamburg/Berlin: information from BaFin with regard to the winding up of unauthorised deposit business

After reviewing the situation, BaFin has made the following arrangements to ensure that the purported “blocked accounts” (Sperrkonten) are wound up in an orderly manner. I.

Get the latest from Regulatory.News in your inbox!

×