Tag: Paul Duncan

April 15, 2016 BY Maria Nikolova

AAT approves ASIC agreement with promoter of non-existent fund

A follow-up to LeapRate's earlier story about the Australian Investments and Securities Commission (ASIC) banning Paul Duncan, a promoter of 'Exalt Managed Futures Fund', which never actually existed... The Administrative Appeals Tribunal (AAT) has approved an agreement reached between ASIC and Mr Duncan, to ban him from providing financial services. The agreement cuts the term…

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June 09, 2015 BY Mike Fox

ASIC bans promoter of non-existent fund

Australian Securities and Investments Commission (ASIC) has today banned Mr. Paul Duncan, of Carrara, Queensland, from providing financial services for four years after an ASIC investigation found he had engaged in misleading and deceptive conduct. ASIC's concerns related to false and/or misleading representations that appeared on the website of Active Captial Managers Pty Ltd (ACM)…

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