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Showing 101 - 110 of 160 results for "ASIC for"

ASIC advances towards telecommunication intercept powers

EMMA RAPAPORT  |  FRIDAY, 21 JUL 2017
... investigating serious contraventions of the Corporations Act 2001 unless another agency chooses to share such material with ASIC for the purposes of its (the other agency's) investigation. "It is important that ASIC is able to gain access to information ...

FOFA breach sees former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2017
A former Magnitude Group financial adviser was banned by ASIC for breaching the best interest duty introduced under the Future of Financial Advice reforms. Jason Sean Atkins of Perth is prohibited from providing financial advice for three years after ...

ASIC clarifies IFA definitions, extends SoA deadline

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2017
... Separately, the deadline for financial advisers to provide retail clients with a Statement of Advice was extended by ASIC for those providing urgent superannuation advice in preparation for next week's reforms. Advisers will now have an additional 30 ...

Regulator bans adviser for seven years

JAMIE WILLIAMSON  |  FRIDAY, 23 JUN 2017
A former Brisbane-based financial adviser was banned by ASIC for seven years for failures to comply with financial services law, including falsifying insurance applications. The regulator found Robert Gunner contravened financial services law between ...

Former Garvan adviser banned for $2.4m theft

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2017
A jailed former authorised representative of Garvan Financial Planning was permanently banned by ASIC for misappropriating client funds. Patrick Simon Mitchell was banned by the regulator, having been sentenced to eight years in prison after pleading ...

ASIC cancels AFSL, bans former executives and fund managers

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
The AFSL of an international foreign exchange brokerage service provider was cancelled by ASIC for non-compliance. The Australian arm of Gallop International was found to have repeatedly failed to comply with the conditions of its licence and its obligations ...

Two Victorian advisers cop bans

KARREN VERGARA  |  TUESDAY, 16 MAY 2017
Two former AMP Group-aligned financial advisers copped temporary bans from ASIC for operating without an AFSL and providing inappropriate advice. ASIC's investigation found MySuperMan director David Heycock and employee Stuart Arnold-Levy provided unlicensed ...

ASIC cancels suspended AFSL

EMMA RAPAPORT  |  THURSDAY, 6 APR 2017
... ending 30 June 2014, and 30 June 2015. Rural & General Insurance Broking's (RGIB ) AFS licence was initially suspended by ASIC for six months in October 2016, for its failure to meet its obligations to lodge these annual financial statements and auditor's ...

Super skimming adviser permanently banned

JAMIE WILLIAMSON  |  MONDAY, 19 DEC 2016
A Gold Coast adviser was permanently banned by ASIC for acting dishonestly and engaging in misleading and deceptive conduct. Stewart Banks was a representative of Professional Investment Services (PIS) - a wholly-owned subsidiary of Centrepoint Alliance ...

ASIC falls on fund disclosure sword

DARREN SNYDER  |  WEDNESDAY, 30 NOV 2016
... properly assessed," she said. Association of Superannuation Funds of Australia chief executive Dr Martin Fahy applauded ASIC for adopting a reasonable approach to compliance timelines, given the implementation issues the industry is facing. "This is ...