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Showing 141 - 150 of 280 results for "Enforceable Undertaking"

Macquarie advisers defect to start independent firm

LAURA MILLAN  |  WEDNESDAY, 12 AUG 2015
... increasing needs and aspirations of the growing number of high net worth clients," Wrightson said. Following an enforceable undertaking (EU) by the Australian Securities and Investments Commission (ASIC) on MPW, a number of advisers and executives from ...

Macquarie adviser forged signatures, lied to clients

LAURA MILLAN  |  FRIDAY, 7 AUG 2015
... conduct as part of a broader client remediation process which has been undertaken by MEL as agreed under an enforceable undertaking accepted by ASIC in January 2013.

Macquarie pays $11m advice compensation so far

LAURA MILLAN  |  THURSDAY, 23 JUL 2015
... for clients who were victims of bad advice by the group's financial planners. The program was part of an enforceable undertaking (EU) with Macquarie Private Wealth (MPW) in place since January 2013. At the time, Macquarie's compensation program was considered ...

ASIC bans Macquarie representative

DARREN SNYDER  |  TUESDAY, 26 MAY 2015
... of a broader client remediation process which has been undertaken by the company and as agreed under an enforceable undertaking accepted by ASIC in January 2013. ASIC Commissioner Peter Kell said investors should feel confident that financial advisers ...

Wealthsure to cancel AFS licence

LAURA MILLAN  |  FRIDAY, 1 MAY 2015
... representatives to Wealthsure Financial Services (WFS), now wholly owned by Sentry Group. WPL has been under an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC) since August 2013. The regulator first identified ...

Advisers Register hits 22k

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
Within a month of being launched the Financial Advisers Register has added about 3,000 advisers to its list, now providing consumers with an ability to search more than 22,000 in the industry. Australian Securities and Investments Commission (ASIC) ...

Report confirms failed CBA compensation

LAURA MILLAN  |  THURSDAY, 23 APR 2015
... the Compensation Program that started under the Australian Securities and Investments Commission (ASIC) enforceable undertaking to Commonwealth Financial Planning (CFPL) and Financial Wisdom (FWL) in 2011. Despite being under ASIC's surveillance, in ...

ASIC ends Macquarie EU but sees gaps in advice files

LAURA MILLAN  |  FRIDAY, 13 FEB 2015
... require further testing, the Australian Securities and Investments Commission (ASIC) said as the two year enforceable undertaking (EU) into the organisation's advice arm comes to an end. "While there have been substantial improvements in MEL's operations ...

ASIC to face legal action over Storm Financial

LAURA MILLAN  |  THURSDAY, 5 FEB 2015
... Storm Financial products. The solicitor alleges that ASIC had all the knowledge that it needed to start an enforceable undertaking (EU) against Storm Financial planners by late 2007 or, at the latest, by early 2008. However, it did not demand the EU ...

ASIC accepts EU from Victorian adviser

HARRY PAGE  |  THURSDAY, 11 DEC 2014
The Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking (EU) from former Professional Investment Services (PIS) representative Seamus O'Brien. O'Brien previously traded as Cambridge Financial Planning in South ...