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Showing 131 - 140 of 791 results for "Banned"

ASIC looks to extend CFD intervention

ELIZABETH MCARTHUR  |  TUESDAY, 19 OCT 2021
... all or most of the client's investment is lost, also decreased by 85%. As part of the work to better regulate CFDs, ASIC banned the sole director and four former employees of retail over-the-counter (OTC) derivative issuer, Forex Capital Trading from ...

ASIC commences proceedings against Diversa

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
The regulator is taking Diversa Trustees to court over failing to maintain oversight of a now banned financial adviser. Diversa is the trustee for $1 billion Future Super, Mason Stevens Super, ING Super and MAP Master Super - later known as OneSuper ...

ASIC chases $12m from Mayfair

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... has also accused Mawhinney of squirrelling money away in the British Virgin Islands, which Mawhinney also denies. ASIC banned Mawhinney from fundraising and promoting investment products for 20 years in April. A ruling on the fine, if any, Mayfair entities ...

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  TUESDAY, 28 SEP 2021
The corporate regulator banned a Gold Coast-based financial adviser from providing financial services for four years and cancelled the associated AFSL for failure to comply with its general obligations. ASIC found that Frederick Steven Ackerman failed ...

ASIC clarifies adviser exam obligations

KARREN VERGARA  |  THURSDAY, 23 SEP 2021
... to retail clients on relevant financial products at any time between 1 January 2016 and 1 January 2019, and has not been banned, disqualified or subject to a court enforceable undertaking. A relevant provider is an AFS licensee or its representative ...

Former Regal FM portfolio manager banned

JAMIE WILLIAMSON  |  WEDNESDAY, 22 SEP 2021
A former Regal Funds Management portfolio manager has been banned for five years after he manipulated the share price of Clearview Wealth. Dylan Rands was a dealer and portfolio manager at Regal Funds Management when he entered into 112 uncommercial ...

Former adviser banned after super theft

JAMIE WILLIAMSON  |  FRIDAY, 17 SEP 2021
A former financial adviser that was sentenced to six years' prison in May has now been permanently banned by ASIC. Ross Andrew Hopkins was permanently banned after being convicted of 15 dishonesty offences and misappropriating close to $3 million in ...

Tax agent banned for dishonesty

ANNABELLE DICKSON  |  FRIDAY, 10 SEP 2021
The Tax Practitioners Board has banned a Victoria-based tax agent for five years for dishonestly obtaining his registration and engaging in further misconduct. Srinivasarao Jakkampudi, sole director and supervising tax agent of Truecare Solutions, requested ...

Former adviser hit with criminal charges

KARREN VERGARA  |  MONDAY, 30 AUG 2021
... financial services banning order on three occasions after appearing at the Brisbane Magistrates Court on August 27. ASIC banned Toledo from providing financial services for seven years in 2017 after he failed to act in the best interests of clients when ...

Former Millennium3 representatives cop ban

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
... representative of Millennium3 since 5 February 2004, providing financial product advice and dealt in financial products. ASIC banned the Lismore-based duo after an investigation found that they failed to ensure that NCFS complied with financial services ...