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Showing 191 - 200 of 902 results for "Banned"

Adviser who faked signatures sentenced in court

CHLOE WALKER  |  MONDAY, 16 JAN 2023
... falsification of such records 'is a breach of trust of those who you're engaged to act for." In 2019, ASIC permanently banned Nguyen from providing financial services. He was officially charged on June 24 of last year. The matter was prosecuted by the ...

AAT upholds AFSL cancellation

CHLOE WALKER  |  THURSDAY, 12 JAN 2023
... adequately trained or competent, and that the firm did not have a compliant dispute resolution system in place. It also banned Olive's former director Scott John Morrison from providing financial services for seven years. Following a hearing in early ...

Former fund manager employee permanently banned

CHLOE WALKER  |  MONDAY, 9 JAN 2023
Former Eight Investment Partners fund manager Andrew Jung-Woo Kim has been permanently banned by ASIC after being found to engage in dishonest conduct. Kim worked for Eight Investment Partners (Eight IP) on various dates between August 2018 to August ...

AAT overturns ban on former Spaceship chair

CHLOE WALKER  |  MONDAY, 9 JAN 2023
... aside," Rayment said. "Instead, a banning order will not be made." Former Spaceship chief executive Paul Bennetts was also banned in 2022 after he was found to have dishonestly obtained his Australian Institute of Company Directors qualification by having ...

Former adviser sees ban reduced

CHLOE WALKER  |  MONDAY, 9 JAN 2023
... Sherwal. Sherwal, who was an authorised representative of six different licensees over the past seven years, was originally banned in June 2021 from providing financial services and performing any function in a financial services business for a period ...

Goldman Sachs charged over ESG failures

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
... August, Florida Governor Ron DeSantis and the trustees of the US$253.1 billion State Board of Administration (SBA) have banned ESG from considerations of the state's fund management practices. DeSantis and the two other trustees of the SBA, state ...

Property trusts hit with stop orders

CHLOE WALKER  |  TUESDAY, 22 NOV 2022
MPG Funds Management Limited (MPG) has been banned from offering or distributing two of its property trusts to retail investors because of poor target market determinations (TMDs). The interim stop orders, implemented by ASIC, prohibit MPG from issuing ...

Former van Eyk Research chief sentenced

JAMIE WILLIAMSON  |  WEDNESDAY, 16 NOV 2022
... personal advantage. In handing down the sentence, the judge took into consideration the fact that Thomas had already been banned from managing a corporation for five years and his guilty plea. The judge said that while there was no investor loss, Thomas' ...

ASIC bans married duo from providing financial services

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
ASIC has banned former financial adviser Richard Thomas Marshall from providing financial services for six years, and his wife Gwenda Jean Marshall for three years for operating unlicensed and removing money from a deceased client's account. An ASIC ...

Another ban for Sirius Financial

CHLOE WALKER  |  THURSDAY, 3 NOV 2022
ASIC has banned former responsible manager of over-the-counter derivatives provider Sirius Financial, Mark Bringans, for eight years. Bringan's banning follows an ASIC investigation into the firm, which agreed to wind down its retail and wholesale operations ...