Search Results | Showing 1 - 10 of 97 results for "fees for no service" |
| | | ... competent to perform functions in, or control, a financial services business after failing to adequately address fees for no service misconduct by Lighthouse Partners, one of its representatives. ASIC cancelled the AFSL of Crown Wealth in March 2024 ... |
| | | | ... Partners director and financial adviser Timothy Archibald from providing financial services for 10 years, for fees for no service (FFNS) conduct. This comes after the regulator also banned Lighthouse director, shareholder and adviser Kiriley Roper for ... |
| | | | ... compliance at a now defunct advice licensee has been banned for three years over the way he dealt with an adviser's fees for no service misconduct. Former Crown Wealth Group director and head of compliance Andrew Moore has been banned for three years ... |
| | | | A former financial adviser is now banned for 10 years after she was found to have knowingly charged fees for no service. Kiriley Roper was a director, shareholder and adviser at Lighthouse Partners in Redcliffe, Queensland. ASIC alleges that between ... |
| | | | ... Justice Halley found that Count did not have widespread significant failings in its advice business relating to "fees for no service" conduct. However, Justice Halley acknowledged commissions were paid in exchange for advice given in connection with ... |
| | | | ... processing of nearly 7000 death benefit claims and its failure to merge multiple accounts, Aware Super charging fees for no service, Westpac/ BT incorrectly charging insurance commissions to members, and Colonial First State misleading members as examples ... |
| | | | ASIC commissioner Simone Constant says the regulator's new report on exorbitant advice fee deductions is not a criticism of advisers, rather of trustees failing basic obligations, with more still needing to be done by the reviewed funds some 12 ... |
| | | | ... failed to provide services to members efficiently. This led to a violation of the ASIC Act in connection with fees for no service misconduct. Agreed facts state that between December 2015 and November 2021, OnePath shared inaccurate information with ... |
| | | | AMP has put to bed a class action relating to fee for no service scandals and misleading regulators as exposed by the Royal Commission but claims no responsibility in settling for $110 million. The class action filed in June 2018, affected AMP shareholders ... |
| | | | ... customers. Meanwhile, Macquarie has the smallest bill at $4,628,000 to 1105 customers, remediating only for fees for no service. "While this final update on remediation figures draws a line under this program of work, following eight years of addressing ... |
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