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Showing 181 - 190 of 284 results for "Enforceable undertaking"

Trio victims condemn Astarra director jail release

LAURA MILLAN  |  FRIDAY, 24 JAN 2014
... provide justice for the victims, many of whom are still without any compensation." Richard entered into an enforceable undertaking with ASIC in 2010 that banned him for life from providing financial services.

Banned adviser spent client savings on sports car business

MARK SMITH  |  TUESDAY, 19 NOV 2013
The Australian Securities and Investment Commission (ASIC) has accepted an enforceable undertaking (EU) from Sydney financial adviser Gabriel Nakhl which permanently prevents him from providing financial services after he used clients' cash on his sports ...

Court dismisses case against Trio director after APRA EU

LAURA MILLAN  |  THURSDAY, 31 OCT 2013
... Millhouse to be dismissed after the Australian Prudential Regulation Authority (APRA) accepted a voluntary enforceable undertaking from him. The regulator has banned him from acting as a trustee or as a responsible officer, investment manager or custodian ...

Law firm questions CBA compensation for Nguyen victims

LAURA MILLAN  |  WEDNESDAY, 30 OCT 2013
... about the compensation arrangements that were put in place after the bank agreed with ASIC to enter an enforceable undertaking. "We have serious reservations as to whether clients of CBA and Nguyen were properly compensated, particularly those who were ...

ASIC acted only when claims hit "tsunami level"

LAURA MILLAN  |  MONDAY, 21 OCT 2013
A former employee of the Australian Securities and Investments Commission (ASIC) has condemned the fact that the regulator acted only when the volume of complaints "reached tsunami level." In a submission to the Senate inquiry on ASIC's performance ...

Former Trio director provides enforceable undertaking

JAMES FERNYHOUGH  |  FRIDAY, 18 OCT 2013
A former director of Trio Capital, Kurt Groeneveld has provided the prudential regulator with an enforceable undertaking excluding him from acting as a superannuation trustee for three and a half years. The Australian Prudential Regulation Authority ...

ASIC accepts EU from two advice firms

LAURA MILLAN  |  TUESDAY, 24 SEP 2013
... undertakings from two financial planning firms. Melbourne adviser James Thomas Banfield has entered into an enforceable undertaking with ASIC that prevents him from providing financial services for four years. ASIC's investigation found that between ...

Judge orders end of class action against WealthSure

LAURA MILLAN  |  MONDAY, 23 SEP 2013
... expected to advance their claims as applicants in their own right." WealthSure recently entered into an enforceable undertaking with ASIC and is undertaking a full reform of the business after the regulator showed concerns over poor compliance and failure ...

ACCC approves Perpetual offer for The Trust Company

LAURA MILLAN  |  THURSDAY, 19 SEP 2013
... substantial lessening of competition in any relevant market." The decision came after the ACCC accepted a court enforceable undertaking from Perpetual to divest The Trust Company's ownership of a 13.4% shareholding in competitor company Equity Trustees. ...

WealthSure undertakes major reform of the business

LAURA MILLAN  |  TUESDAY, 3 SEP 2013
WealthSure is undertaking a full reform of its business after it entered into an enforceable undertaking following concerns by the Australian Securities and Investments Commission (ASIC) over poor compliance and failure to monitor advisers' actions. ...