The Federal Court of Australia has made orders to wind up Linchpin Capital, the parent company of Beacon Financial Group, after it found that Linchpin had contravened multiple provisions of the Corporations Act.
The Federal Court of Australia has found that Endeavour Securities (Australia) Ltd (Endeavour) and Linchpin Capital Group Ltd contravened multiple provisions of the Corporations Act and has made orders to place both companies in liquidation.
The court also ordered that a registered scheme operated by Endeavour and an unregistered scheme operated by Linchpin, both called Investport Income Opportunity Fund, also be placed into liquidation.
Linchpin Capital is the parent comp…
Read the full article at: https://www.smsfadviser.com/news/17463-federal-court-winds-up-parent-company-of-smsf-firm
