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

Search Results

Showing 101 - 110 of 263 results for "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 ...

AFSL cancelled for Sydney firm

KERRIE SYDEE  |  MONDAY, 4 JUL 2016
... years and failed to advise ASIC in writing, within 10 business days, of becoming aware of the breach. ASIC deputy chair Peter Kell said: "Licencees are required to lodge financial statements with ASIC to demonstrate their capacity to provide financial ...

Former ANZ planner slapped with ban

KERRIE SYDEE  |  THURSDAY, 9 JUN 2016
... client's objectives and strategy and then provide written documentation of those recommendations. ASIC deputy chairman Peter Kell said: "ASIC expects financial advisers to fulfil all of their obligations to their clients. Failure to do so is unacceptable." ...

MFSIM execs use $143.5m in client money to repay debts

KERRIE SYDEE  |  TUESDAY, 24 MAY 2016
... demonstrate the ability, skills and knowledge to provide financial services. Commenting on the EU ASIC deputy chairman Peter Kell said: "In instances where advice is provided to consumers to switch from existing superannuation products, especially defined ...

Banned SMSF adviser charged for misappropriating $1.8m

ALEX BURKE  |  FRIDAY, 20 MAY 2016
... to clients of financial advisers is appropriate for those individuals' needs and circumstances," ASIC deputy chair Peter Kell said.