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ASIC banning order

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Two former directors of collapsed retail over-the-counter derivatives provider Berndale Capital Securities Pty Ltd have been charged with dishonesty offences, including misusing over $1 million in company funds. ASIC alleges that Stavro D’Amore and Daniel Kirby each unlawfully transferred Berndale company funds to benefit themselves and other associates and entities. https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-143mr-former-berndale-directors-charged-over-dishonest-conduct-misuse-of-company-funds/?utm_source=chatgpt.com

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