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Showing 111 - 120 of 891 results for "Banned"

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... jailed for stealing more than $1 million from his clients' superannuation to feed a gambling problem is now permanently banned from the industry. In September 2023, Mark Raymond Sebo was found guilty of misappropriating $1,056,685.18 from some of his ...

SMSF scammers charged with criminal offences

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
... - Stephen Bray, Kerpal Harnam, Terence Murphy, Johann Preller, and David Sidhu. ASIC has now placed them on its public banned and disqualified register. They are not eligible to reapply for registration. Murphy requested that his disqualification be ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... companies that include Thales, Lockheed Martin, and BAE. Nearly $500,000 is invested in Elbit despite the Future Fund being banned from investing in it "since at least 2021 due to 'exclusions related to military weapons-related Conventions or Treaties ...

ASIC files contempt orders against repeat offender

CHLOE WALKER  |  MONDAY, 29 JAN 2024
... term of imprisonment. Just last year, Fuoco was convicted and fined for his involvement in two companies while still being banned. The corporate regulator found that Fuoco was running Financial Circle from August 2017 to September 2018, despite being ...

Court fines Linchpin, Endeavour directors

KARREN VERGARA  |  THURSDAY, 11 JAN 2024
... Raftery took a $40,000 loan. The money was also used to make loans to then-subsidiary Beacon Financial Group. All four were banned from providing financial services for five years in November 2019. On January 10, Judge Cheeseman ordered that Nielsen ...

ASIC permanently bans adviser who stole client funds

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
A financial adviser based on Queensland's Hope Island was permanently banned by the corporate watchdog after he was found to have misled clients about potential returns and used their funds for his own expenses. Delan Pagliaccio is banned from providing ...

Former adviser misled ASIC during investigation: Court

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... prices. He then used the price margin for his own purposes, including paying off personal debts. Ridgway was permanently banned from working in financial services earlier this year after ASIC found that he "is not a fit and proper person" to do so; is ...

ASIC takes action on EverBlu, director

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... and EverBlu client, more than $7 million and another client more than $5 million. In April, the Federal Court permanently banned Scholz from running an online share trading and training business, which was unlicensed. Blumenthal appeared to have engaged ...

Former AMP adviser banned by ASIC

ANDREW MCKEAN  |  THURSDAY, 14 DEC 2023
ASIC has prohibited former AMP Financial Planning (AMPFP) adviser Darron Mink from providing financial services or engaging in credit activities for five years. Mink, who was also the sole director of Newcastle's Pinnacle Financial and Investment ...

FSCP serves up registration prohibition order

KARREN VERGARA  |  MONDAY, 11 DEC 2023
... his registration as a financial adviser has been cancelled and is prohibited from being registered with ASIC. He is also banned from giving personal advice to retail clients on relevant financial products during the prohibition period. The panel has ...