Corporate failures

Wickham wilts

Property financier Wickham Securities’ investors hit by $30 million fall Liam Walsh and James McCullough The Courier Mail, January 22, 2013 http://www.couriermail.com.au/business/property-financier-wickham-securities-investors-hit-by-30-million-fall/story-fnefl294-1226558533062 http://www.news.com.au/national/asic-launches-action-against-brad-sherwin-chairman-of-collapsed-lender-wickham-securities-and-wife-deborah-sherwin/story-fndo4ckr-1226559352570 Wickham Properties Pty Ltd was located in prestigious Wickham Tce., Brisbane whilst Wickham Financial Solutions had two… Read More ›

Banksia Securities goes into receivership

http://www.banksiagroup.com.au/File.axd?id=5c2f19a1-6c14-4b5a-9c82-d190a58c12e9 Few Australians will have heard of Banksia Securities, and probably have little interest in learning that it went into receivership in October owing some 15,000 debenture holders $663 million. Unless of course they happen to have had money invested in the company themselves Australians who have retirement investments… Read More ›