ASIC bans credit and mortgage brokersBY LAURA MILLAN | WEDNESDAY, 11 DEC 2013 12:25PMThe Australian Securities and Investments Commission (ASIC) has banned three mortgage brokers and convicted one after it found that they had provided false information to clients. Related News |
Editor's Choice
Mulino brings New Class of Advisers to life, guarantees fairer CSLR funding
Assistant treasurer Daniel Mulino will forge ahead with the New Class of Advisers (NCAs) as part of highly anticipated Delivering Better Financial Outcomes (DBFO) reforms and laid out a blueprint of how the Compensation Scheme of Last Resort (CSLR) will be fairer for financial advisers.
Munro Partners to acquire GSFM
Munro Partners will acquire GSFM, the Australian investment fund management affiliate of CI Global Asset Management, in a deal designed to strengthen its local distribution capabilities.
Treasury consults on foreign investment framework reforms
Treasury has opened a consultation to review existing conditions required for foreign investment approvals in Australia.
Australians struggle to navigate super and age pension divide
Australians are approaching retirement with growing uncertainty about how superannuation and the Age Pension will work together, with new research pointing to gaps in both preparedness and confidence.
Videos
Brought to you by ![]()
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Andrew Gregory
CHIEF ADVICE OFFICER
UNISUPER
UNISUPER
After 25 years, Andrew Gregory remains motivated by the impact financial advice can have on Australians' lives. As UniSuper's chief advice officer, he is not slowing down on any of his current ambitions. Matthew Wai writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
It is good to ban these type of persons they are creating wrong image of the mortgage broking professionals. Due to the people like this people refuse to become a mortgage broker .
Its good to ban these type of people because if one person is bad the people start thinking that all are bad. fraudulent happenings in mortgage industry are ruining the mortgage industry.