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Showing 211 - 220 of 472 results for "ASIC Commissioner"

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... clients. The firm failed to disclose this interest to its clients in two Financial Services Guides given to them. ASIC commissioner Danielle Press said: "Financial advisers are required by law to act in the best interests of their clients and prioritise ...

ASIC moves against SMSF auditor misconduct

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
... auditors, ranging from independent peer reviews to restricted audits, to providing ASIC with proof of CPD hours. ASIC commissioner John Price noted the importance of SMSF auditors and said the regulator would always take action against those who failed ...

ASIC moves to ban direct life cold calling

HARRISON WORLEY  |  THURSDAY, 18 JUL 2019
... said it intended to restrict outbound sales of life and funeral insurance in an effort to protect consumers. ASIC Commissioner Sean Hughes said the corporate regulator was determined to step in when consumer trust in "the system" was under threat. He ...

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
... licensees voluntarily cancelled their licences and 48 credit licensees were cancelled or suspended by ASIC. ASIC commissioner Sean Hughes said: "ASIC has taken proactive measures to protect consumers from those few financial services licensees and credit ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
... 2006. Peter Krejci of BRI Ferrier was appointed voluntary administrator of Australian Mutual on June 28 2019. ASIC commissioner Danielle Press said of the licence cancellation: "A key priority for ASIC is ensuring that responsible entities take their ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... and added telephone sales staff use high-pressure selling and other "unfair sales practices" when selling CCI. ASIC commissioner Sean Hughes said the corporate regulator was "deeply troubled" by the findings in the report, which included the likes of ...

Former financial adviser jailed

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
... which he lied to his clients about the value of their investment portfolios in an effort to cover up his theft. ASIC commissioner Danielle Press said: "Clients need to be able to trust their financial advisers, and in this case, Mr Gibbs breached that ...

Whistleblowers given new protection

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUL 2019
... important information and help us enforce the laws we administer to address and prevent harm to consumers," ASIC commissioner John Price said. "ASIC considers a strong and effective arrangement for handling reports from whistleblowers is a key component ...

Bristol Street adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 28 JUN 2019
... failed to provide advice on debt reduction and cash flow - even when clients specifically requested that advice. ASIC commissioner Danielle Press said: "When providing personal advice, ASIC expects financial advisers to take reasonable steps to understand ...

Former Westpac adviser permanently banned

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUN 2019
... and affects the financial system as whole. Individual advisers have a role to play in rebuilding that trust," ASIC commissioner Danielle Press said. "ASIC expects financial advisers to uphold the values of integrity and professionalism. Conduct that ...