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Showing 191 - 200 of 891 results for "Banned"

ASIC dishes out permanent ban to 'lifestyle' adviser

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2022
... Dover and Interprac financial adviser who was found to be unfit to operate in the industry in any capacity was permanently banned by the regulator. ASIC said James Carlos Reynolds purported to offer 'lifestyle' financial advice as sole director of Totem ...

AFSL boss banned by ASIC

CASSANDRA BALDINI  |  TUESDAY, 11 OCT 2022
... director Peter Gribble for failing to pay $2.5 million in Australian Financial Complaints Authority determinations. Gribble is banned from controlling a financial services business or being an officer of one after two companies of which he was a director ...

Proposed CFD class action targets IG Markets

JAMIE WILLIAMSON  |  TUESDAY, 11 OCT 2022
... investors by IG Markets. It also alleges IG Markets facilitated the trades without adequate checks and balances. CFDs are banned in some countries, including the US, while ASIC placed strict conditions on them to stem significant losses seen in 2020. ...

ASIC bans Sterling & Freeman director

ANDREW MCKEAN  |  WEDNESDAY, 7 SEP 2022
ASIC has banned Wayne Christopher Saman, the sole director of Sterling & Freeman Advisory for a period of five years. Saman was banned because an ASIC surveillance found he was involved in Sterling & Freeman's contravention of financial laws. Sterling ...

WA financial services director banned for six years

CHLOE WALKER  |  MONDAY, 15 AUG 2022
ASIC has banned Perth-based director Sharree Grace Hutchinson from providing financial services for six years, after she was found to have abused her power as an ASFL holder. Specifically, the regulator found that between December 2020 and January 2021 ...

Convicted former financial adviser banned for life

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
ASIC has permanently banned NSW-based financial adviser Ezzat-Daniel Nesseim after he was sentenced for repeatedly attempting to mislead the regulator. Nesseim is barred from performing any function involved in operating a financial services business ...

Adviser banned over early release scheme

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
An Adelaide financial adviser received a five-year ban for advising his clients to roll their super into newly established SMSFs to invest in a company he is a director of and then releasing the money to them in the form of a loan. Antonio Simeone is ...

Former adviser sentenced over theft

CHLOE WALKER  |  MONDAY, 18 JUL 2022
... Flowers Financial Management. ASIC permanently disqualified Flowers in June 2014 from providing financial services and banned him from engaging in credit activities. His sentencing follows his guilty plea, entered in December 2020.

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
... Financial Markets Pty Ltd has surrendered its AFSL and its former executives Jonathan Schneider and Oskar Pecyna have both been banned for eight years. ASIC reported that Sirius Financial, trading as Trade360, engaged in an off-shore call centre, Toyga ...

Victorian AR charged with providing unlicensed advice

CASSANDRA BALDINI  |  WEDNESDAY, 13 JUL 2022
... director, responsible manager and key person under The Australian Dealer Group's licence. In March 2021, ASIC permanently banned him from providing financial services and engaging in credit activities, controlling a financial services or credit business ...