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Showing 171 - 180 of 256 results for "Financial Services Law"

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 ...

Former adviser cops ASIC reprimand

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2017
A former Macquarie Equities Limited adviser agreed to not provide financial services for four years as part of an enforceable undertaking by ASIC. The regulator determined that Anthony Wilson had failed to comply with financial services laws between ...

CommInsure cleared of medical misconduct

ALEX BURKE  |  THURSDAY, 23 MAR 2017
... culture contributing to poor claims handling practices, even if ASIC could not find any actual breaches of financial services law. ASIC found that in previous financial years, some staff at the insurer had key performance indicators which included net ...

ASIC permanently bans Queensland adviser

KARREN VERGARA  |  THURSDAY, 23 MAR 2017
... engaging in deliberate acts of dishonesty. Daniel Peter Logan, formerly of Brisbane, failed to comply with financial services law while he worked at financial planning and services firm Anne Street Partners between October 2012 and 2015, ASIC's investigation ...

Major ASIC project finds serious financial advice concerns

ALEX BURKE  |  FRIDAY, 17 MAR 2017
ASIC has released a report on how large financial advice firms have addressed serious conduct, compliance and customer remediation issues, revealing serious concerns about how the industry has operated over the past five years. The report is part of ...

Past Morgan Stanley adviser hit with permanent ban

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2017
... period of time in which clients incurred significant financial loss, ASIC decided he was likely to breach financial services law again in future and was not of good fame or character. ASIC commissioner Cathie Armour said: "Financial advisers are expected ...