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Showing 91 - 100 of 902 results for "Banned"

ASIC bans adviser who misled TPB

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2024
ASIC banned a financial adviser who was found to have lied to the Tax Practitioners Board (TPB) to remain registered and provided advice to clients despite being unable to manage his own tax affairs. John Hazell, formerly managing director of Richmond ...

Charges dropped against Macquarie adviser

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... false or misleading statements and six counts of providing a statement. Five counts related to fraud. ASIC permanently banned Acworth from working in financial services in 2020 after finding he engaged in "misleading conduct relating to a financial product" ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
The Federal Court ordered the wind up of Global Capital Property Fund (GCPF) shortly after director Joel Hewish was banned from working in the industry for 10 years. The hearing on October 3 appointed FTI Consulting as liquidators to GCPF after ASIC ...

Court rejects Linchpin director appeal

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... fine. Justice Jackman yesterday upheld the judgment delivered in January, which imposed a $150,000 penalty on Daly and banned him from managing corporations for five years for breaching directorship obligations. Justice Jackman affirmed rulings heard ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
... to genetic testing by stopping the use of adverse predictive test results in life insurance." Other nations have already banned the use of genetic test results in underwriting, including Canada in 2017. Responding to the news, Council of Australian Life ...

Melbourne adviser sentenced to 18 months' prison

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
... his client that ASIC had sought the winding up of entities related to him, including Ostrava Equities, and that he was banned from providing financial services by order of the Federal Court. In sentencing Justice O'Connell remarked that Grimm was "well ...

Majority pass adviser exam

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
... June 5, August 7, and November 6. Recently, former Western Australian financial adviser Dashiel Benjo Vee was permanently banned after he lied to his employer and clients about having passed the Financial Advisers Exam. ASIC found that he provided his ...

Former Brisbane adviser found guilty of fraud again

MATTHEW WAI  |  MONDAY, 26 AUG 2024
... small amounts to the fund to create an impression that it was receiving interest on its investments. He was permanently banned in 2016 after being charged. Jayaweera's verdict was handed down by a jury at the Brisbane District Court, who this time found ...

Future Group joins campaign to ban gambling ads

MICHELLE BALTAZAR  |  WEDNESDAY, 14 AUG 2024
... health, and gambling advertising can only exacerbate the problems," he said. "We believe that gambling advertising should be banned, in the same way that cigarette advertising was banned in the 1970s." Seven in 10 Australians favour a complete ban, the ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... that he'd created a culture of non-compliance and incompetence at the firm. Despite Hewish's ban being recorded on ASIC's banned and disqualified register, he and UGC, which was placed into voluntary administration last month, are appealing the regulator's ...