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Australian Securities and Investments Commission v Ostrava Equities Pty Ltd [2016] FCA 1064

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CORPORATIONS - application by Australian Securities and Investments Commission for declarations of contraventions - orders restraining a person from carrying on financial services business - orders disqualifying a person from managing a corporation - providing managed discretionary account services without Australian financial services licence - carrying on a financial services business and providing financial services without holding an Australian financial services licence - providing financial services without providing a financial services guide - providing a defective financial services guide - giving personal advice without providing a statement of advice - dishonest conduct in relation to financial products - misleading and deceptive conduct - false and misleading representations - unlicensed credit activity - failing to retain statements of advice - failing to retain financial records - persons knowingly concerned in contraventions - breach of directors' duty of care and diligence - breach directors' duty of good faith - breach of directors' duty not to improperly use position - breach of duty to act in best interests of the client

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