July 07, 2017 BY Valentina Kirilova

ASIC takes action over misuse of 'sophisticated investor' certificates

ASIC announced that is concerned that some accountants may be harming retail investors by inappropriately providing 'sophisticated investor' certificates. In general, companies raising money by offering shares to retail investors must give the investors sufficient information by providing a prospectus or other regulated disclosure document. This helps investors in making a decision whether to invest…

Read more