Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 181 - 190 of 267 results for "Peter Kell"

ASIC admits wrongdoing in Senate hearing

LAURA MILLAN  |  FRIDAY, 11 APR 2014
... allegations of poor advice, document forgery and fraud within Commonwealth Bank's financial planning unit. ASIC commissioner Peter Kell admitted that "it took us too long to move to the next step" when it became apparent that Commonwealth Financial Planning ...

"Free set up" SMSF administrator pays infringement notice over bogus claims

ALICE URIBE  |  TUESDAY, 18 MAR 2014
... expect that representations made about setup costs reflect the actual costs they will incur," ASIC deputy chairman Peter Kell said. "ASIC has a particular focus on misleading claims that a financial product or service is 'free,' as this may lead consumers ...

Westpac exec gets ASIC ban after preying on elderly's finances

ALICE URIBE  |  WEDNESDAY, 12 MAR 2014
... was not of good fame or character, making him an unsuitable person to provide financial services. ASIC Commissioner Peter Kell said St Pierre's misconduct was very serious. "ASIC will ban people from the finance industry who act dishonestly and place ...

Financial Adviser convicted of 'tombstoning': ASIC

HARRY PAGE  |  THURSDAY, 6 MAR 2014
... $243,433 in commissions, Vyas submitted 15 false applications between June 2012 and March 2013. ASIC deputy chairman Peter Kell said that there was no tolerance for people in the financial services industry who don't act within the law. Vyas also attempted ...

FoFA changes could start before May: Sinodinos

LAURA MILLAN  |  WEDNESDAY, 26 FEB 2014
... are making reasonable efforts to comply," the regulator said in a statement before July 1, 2013. ASIC deputy chairman Peter Kell told the Committee that the regulator will take a "facilitative approach" until July 1, 2014. "It has proved to be a very ...

Advice riskiest ASIC sector

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
... Senate Economics Reference Committee, which investigates the regulator's performance, along with ASIC deputy chair Peter Kell. Medcraft refused to comment on the government's proposed amendments on the Future of Financial Advice (FoFA) regulation, which ...

Charterhill assets frozen

HARRY PAGE  |  THURSDAY, 6 FEB 2014
... obtain good quality advice through gatekeepers such as accountants and financial planners," said ASIC commissioner Peter Kell. Lending Solutions International, Nova Real Estate, EJ Property Developments and Financial Wellness are the companies in the ...

Planners lax on capital protected product advice: ASIC

JAMES FERNYHOUGH  |  WEDNESDAY, 4 DEC 2013
... using a one-size-fits-all approach, and making unsuitable or unjustified gearing recommendations. ASIC deputy chairman Peter Kell said: "The findings were disappointing and with FOFA now raising the bar for advisers, our warning against inappropriate ...

Banned adviser spent client savings on sports car business

MARK SMITH  |  TUESDAY, 19 NOV 2013
... not manage a company for 15 years. "Mr Nakhl breached the trust many investors placed in him," ASIC Deputy Chairman Peter Kell said. "This EU also emphasises ASIC's recent focus on targeting misconduct within the SMSF sector. "Setting up an SMSF is one ...

ASIC has risk advice in its sights

MARK SMITH  |  TUESDAY, 15 OCT 2013
Australian Securities and Investments Commission (ASIC) deputy chairman Peter Kell has the retail insurance sectors in his sights, announcing that the regulator will conduct major surveillance of the sector. Kell said ASIC is in the process of gathering ...