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Showing 191 - 200 of 256 results for "Financial Services Law"

Ostrava wound up, directors banned

KERRIE SYDEE  |  FRIDAY, 2 SEP 2016
The federal court in Melbourne has made orders winding up Ostrava Equities and eight other companies associated with the Ostrava financial services business. The court also banned Bradley Grimm and Vanessa Ash, who is lawyer formally employed by ASIC ...

ASIC accepts EU from My Adviser

KERRIE SYDEE  |  WEDNESDAY, 24 AUG 2016
ASIC has accepted the enforceable undertaking (EU) of My Adviser after an investigation found one of its representatives had provided poor and unauthorised advice on a number of instances. The investigation, which commenced in January 2016, looked at ...

Unlicensed product adviser receives four year ban

KERRIE SYDEE  |  THURSDAY, 28 JUL 2016
... ignore legal advice and warnings about Park Trent's practices, demonstrating he is likely to contravene financial services law. ASIC deputy chairman Peter Kell said: "ASIC's action against Mr Cross shows that we will not hesitate to exclude property ...

ASIC hands down multiple bans

KERRIE SYDEE  |  WEDNESDAY, 27 JUL 2016
... an announcement on the ASX on September 2014. Following a hearing, ASIC found Batros had contravened a financial services law. ASIC deputy chair Peter Kell said: "Financial planners are required to meet stringent compliance standards to protect the interests ...

ASIC accepts EU of former adviser

KERRIE SYDEE  |  WEDNESDAY, 18 MAY 2016
ASIC has accepted an enforceable undertaking (EU) of former Victorian financial adviser and authorised representative of the Synchron dealer group, Michael Melamed. The EU follows concerns from ASIC that Melamed's advice about life insurance, during ...

NAB supports ex-adviser ban

ALEX BURKE  |  FRIDAY, 4 MAR 2016
NAB has come out in support of ASIC's decision to ban one of its former advisers for five years. ASIC said that Gerard McCormack engaged in "misleading and deceptive conduct between June and July 2013, when he was a NAB adviser." Specifically, McCormack ...

ASIC bans former Guardian Advice planner

ALEX BURKE  |  WEDNESDAY, 17 FEB 2016
ASIC has permanently banned a former Guardian Advice representative. Andrew Moroney worked under the Guardian Advice licence from 2006 to 2014, during which time ASIC alleged he engaged in deliberate "policy churn" - annually recommending clients replace ...

Club Plus Super increases women on trustee board

DARREN SNYDER  |  FRIDAY, 6 NOV 2015
... barrister, recently appointed Senior Counsel (SC) for New South Wales. She is regarded as an expert in financial services law and corporate governance - in particular directors' duties - and has deep understanding of the legal and regulatory challenges ...

ASIC to be handed greater powers

MARK SMITH  |  TUESDAY, 20 OCT 2015
The government has said it will grant the Australian Securities and Investments Commission (ASIC) additional powers to effectively regulate the financial services sector. More than 10 months after the release of FSI chairman David Murray's final report ...

CBA publicly welcomes former staff bans

MARK SMITH  |  THURSDAY, 8 OCT 2015
The Commonwealth Bank has publicly welcomed the Australian Securities and Investment Commission's (ASIC) decision to ban former CFPL financial planners, Sharnie Kent and Stuart Jamieson. In a press release issued by the bank it said it reported concerns ...