Centro Financial Synergy Group has been wound up by the Federal court in Perth after investigations into its recommendation of Westpoint investment products to clients.
The court ordered the closure of the Subiaco-based financial services company following action started by the Australian Securities and Investments Commission (ASIC) in January.
The regulator alleged that Centro failed to comply with requests for information and did not lodge audited financial accounts in relation to its Australian Financial Services Licence obligations. ASIC also alleged that Centro had ceased to operate its business.
On 20 September 2007, ASIC permanently banned Centro's sole director, Annemieke De Boer of Shenton Park Western Australia, from providing financial services.
ASIC's investigation into De Boer's businesses dealings began after clients of De Boer and Centro's contacted the regulator as part of the Westpoint investigation by ASIC.
De Boer, of Shenton Park Western Australia, was charged with stealing by the West Australian Police major fraud squad in April 2007, following a joint investigation conducted by ASIC and the Police. The matter is currently before the West Australian courts.
Centro Financial Synergy Group is not related to the listed entity, Centro Properties Group.
