Australian regulator bans two CEOs from providing financial services for six years

Pedro Gonçalves
clock • 1 min read

ASIC has banned the two joint chief executives of Australian Mutual Holdings from providing financial services for six years following an investigation. Jeffrey Worboys and Matthew Barnett were until February last year joint chief executive officers of Australian Mutual Holdings Limited, which was a AFSL holder and responsible entity operating a number of managed investment schemes. The regulator uncovered that when establishing Courtenay House Capital Investment Fund, Worboys and Barnett  failed to ensure that the persons responsible for trading funds had the requisite qualifications...

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