Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 267 results for "Peter Kell"

ASIC accepts EU from Perth advice firm

ALEX BURKE  |  TUESDAY, 13 SEP 2016
... controls can result in the provision of advice that does not serve the best interests of clients," ASIC deputy chair Peter Kell said. "ASIC is committed to raising standards across the financial services industry. We expect licensees to dedicate sufficient ...

ASIC bans fraudulent broker

JAMIE WILLIAMSON  |  TUESDAY, 13 SEP 2016
... credit provider. As a result, Farais was handed a one-year intensive correction order in June. ASIC deputy chairman Peter Kell said the case demonstrates how serious the regulator is about tackling loan fraud. "We won't hesitate to take action against ...

Westpac refunds $9.2 million in unfair fees

JAMIE WILLIAMSON  |  TUESDAY, 13 SEP 2016
... must have effective and robust systems in place to deliver the promised benefits to consumers," ASIC deputy chairman Peter Kell said. "Businesses that rely on manual processes to apply waivers, discounts and other benefits should carefully consider how ...

Unclear disclosure leads to $20 million in refunds

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2016
... charged, so that they can make an informed decision when using financial products and services," said ASIC deputy chairman Peter Kell.

ANZ to refund millions in unlawfully charged fees

JAMIE WILLIAMSON  |  TUESDAY, 6 SEP 2016
... million in fees and $3 million in interest to 376,570 retail accounts and 17,230 business accounts. ASIC deputy chairman Peter Kell said, "Good fee disclosure is integral to ensuring that consumers are in an informed position about how best to manage ...

ASIC bans former Macquarie advisers

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
... administered investment advice and Gardner provided strategic and financial planning advice to clients. ASIC deputy chairman Peter Kell said, "Financial planners are required to meet stringent compliance standards to protect the interests of their clients ...

ASIC bans ex-Macquarie Equities trader

ALEX BURKE  |  WEDNESDAY, 17 AUG 2016
... accounts even when this was not the case; in these instances he also created false records of advice. ASIC commissioner Peter Kell said: "Investors should feel confident that financial advisers are acting within the authority given to them by their licensee ...

Unlicensed product adviser receives four year ban

KERRIE SYDEE  |  THURSDAY, 28 JUL 2016
... about Park Trent's practices, demonstrating he is likely to contravene financial services law. ASIC deputy chairman Peter Kell said: "ASIC's action against Mr Cross shows that we will not hesitate to exclude property spruikers who provide unlicensed ...

ASIC hands down multiple bans

KERRIE SYDEE  |  WEDNESDAY, 27 JUL 2016
... September 2014. Following a hearing, ASIC found Batros had contravened a financial services law. ASIC deputy chair Peter Kell said: "Financial planners are required to meet stringent compliance standards to protect the interests of their clients and ...

Last-minute accountant AFSL applications creating ASIC backlog

ALEX BURKE  |  FRIDAY, 8 JUL 2016
... in Australia), we expect that the processing of these applications could take longer than usual," ASIC deputy chair Peter Kell said. "The provision of unlicensed or unauthorised financial services in relation financial products including self-managed ...