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Adviser banned for five yearsBY ELIZA BAVIN | TUESDAY, 26 MAY 2020 11:58AM
A financial adviser who cycled through seven AFSLs in nine years has been banned after ASIC found he provided poor SMSF advice and based insurance advice on the commission he'd receive.
Read more: ASIC, Spectrum Wealth Advisers, Sean Lewis, GWM Adviser Services, AMP Financial Planning, Chubb Insurance Australia, Consolidated Mercantile Group, Meritum Financial Group, NAB, National Australia Bank, Wealth Today
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The Queensland-headquartered asset manager has appointed a general manager for capital solutions, and an investment director in its state investments team.
New York based ARP Investments has entered the Australian market through a partnership with Axius Partners.
A fourth person has been sentenced to four years imprisonment for their role in a syndicate that allegedly defrauded the Commonwealth of over $105 million.
The International Monetary Fund has predicted global public debt will rise to its highest levels in history as a result of the economic fallout from the COVID-19 pandemic.
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