ASIC charges operators of unlicensed Gold Coast financial services business

French Autorité des Marchés Financiers (AMF)

ASIC announced that has alleged that Ms Jaros and Mr Caper set up the websites and later to attract and service clients of Astra Group Pty Ltd and Old Cambridge Pty Ltd.

Following an ASIC investigation, Jana Jaros and Jackson Laurence Malcolm Capper have appeared in the Southport Magistrates Court on charges of operating an unlicensed financial services business.

Ms Jaros and Mr Capper have been charged under section 911A of the Corporations Act for allegedly aiding and abetting Astra Group Pty Ltd and Old Cambridge Pty Ltd to carry on a financial services business without holding an Australian Financial Services licence.

They also face two charges each under section 1308(2) of the Corporations Act for lodging with ASIC documents containing false or misleading material.

Providing assistance to operate an unlicensed financial services business carries a potential maximum penalty of $36,000 or two years’ imprisonment or both, while providing false or misleading documents carries a maximum penalty of $36,000 or five years’ imprisonment or both.

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

Ms Jaros and Mr Capper appeared on 7 August 2017. The matter was adjourned until 4 September 2017.

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ASIC charges operators of unlicensed Gold Coast financial services business


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