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Showing 161 - 170 of 251 results for "Financial Services Law"

Fees for no service compensation unfinished business: ASIC

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
Newly-minted ASIC chair James Shipton said there will be more consumer compensation to come over fees for no service financial advice. Three months into his role, Shipton addressed the annual Australian Council of Superannuation Investors (ACSI) conference ...

Fintech incubator and law firm align

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2018
Fintech hub Stone & Chalk is partnering with a leading financial services law firm looking to aid the start-up community. Hall & Wilcox is now a corporate partner of the not-for-profit incubator, alongside the likes of NAB, ANZ, Optus, IAG, Suncorp ...

AFA to launch investigation into adviser misconduct

JAMIE WILLIAMSON  |  FRIDAY, 22 DEC 2017
... provided risk advice that did not meet the standards required of a financial adviser and did not comply with financial services law. As a result, Fraser is banned from providing financial services for two years and all advice provided by Cannon and Pianta ...

ASIC takes further action against MyPlanner

JAMIE WILLIAMSON  |  WEDNESDAY, 20 DEC 2017
Following on from ASIC's recent action against privately-owned MyPlanner, one of the dealer group's advisers has now agreed to refrain from providing financial services. The regulator has accepted an enforceable undertaking from James Fraser as a result ...

MyPlanner enters ASIC radar

JAMIE WILLIAMSON  |  WEDNESDAY, 6 DEC 2017
Privately-owned dealer group MyPlanner has negotiated additional conditions on its AFSL after it was found to be providing poor financial advice and failing to adequately supervise its representatives. ASIC surveillance found there were MyPlanner advisers ...

Advice business offers enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
... file audit process as 'deficient'. In the EU documents the regulator said FIA had failed to comply with financial services law by failing to take reasonable steps to ensure its representatives comply with financial services law; failed to take reasonable ...

Regulator bans adviser for seven years

JAMIE WILLIAMSON  |  FRIDAY, 23 JUN 2017
... 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 January ...

ASIC bans former Westpac adviser

EMMA RAPAPORT  |  THURSDAY, 8 JUN 2017
... competent to provide financial services during his employment with Westpac; and Sinha was likely to breach a financial services law in the future. Westpac is remediating the clients impacted by Sinha's conduct. As of 28 February 2017, the bank remediated ...

ASIC cancels AFSL, bans former executives and fund managers

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
... found to have repeatedly failed to comply with the conditions of its licence and its obligations under financial services law. Gallop Internaitonal Australia was authorised to provide financial product advice, deal in a financial product and provide ...

Poor compliance sees AFSL suspended

JAMIE WILLIAMSON  |  MONDAY, 1 MAY 2017
Failure to fulfill key compliance and reporting obligations has resulted in the suspension of an AFSL by ASIC. As part of its ongoing efforts to improve standards across the financial services industry, the regulator suspended the licence of Australia ...