On 5 July 2023, ASIC commenced urgent proceedings in the Federal Court against David Valvo, former Sydney financial adviser, and related company, Your Financial Freedom Pty Ltd.
On the same day, the Court made orders freezing the assets of Mr Valvo and Your Financial Freedom Pty Ltd (ACN 083 0044 580), restrained Mr Valvo from leaving Australia and required him to surrender his passport.
The orders were varied on 7 July and 4 August 2023 with Mr Valvo’s consent.
The matter is listed for a case management hearing on 29 September 2023.
ASIC’s investigation of David Valvo and Your Financial Freedom Pty Ltd is continuing.
Any person who had superannuation invested with Mr Valvo or Your Financial Freedom and has concerns about the fees they paid can contact ASIC at Client.Queries.for.Mr.Valvo@asic.gov.au
