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Showing 221 - 230 of 476 results for "ASIC commissioner"

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 ...

Wealth management investigations spike

KANIKA SOOD  |  FRIDAY, 21 JUN 2019
The corporate regulator's wealth management investigations increased 129% in the year to March 2019, ASIC commissioner John Price said yesterday. In opening comments to a keynote panel discussion at the Governance and Risk Management Forum in Melbourne ...

Culture isn't everything: ASIC

HARRISON WORLEY  |  WEDNESDAY, 19 JUN 2019
ASIC commissioner John Price has warned a "strong culture" might not stand resolute in the face of remuneration incentives. Addressing the Governance Institute's Risk Management Forum in Sydney yesterday, Price warned companies that ensuring the behaviour ...

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... with statements of advice to demonstrate the advice he provided and the information on which he provided it. ASIC commissioner Danielle Press said= SMSFs are not suitable for everyone, and advisers recommending SMSFs only for the purpose of borrowing ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... result of ASIC's enquiries. The independent expert will report back to ASIC and Kaz Capital in June this year. ASIC commissioner Cathie Armour said of the licence conditions: "Licensees must have an adequate and appropriate compliance framework to govern ...

ASIC pushes regtech adoption

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
... adoption of regtech solutions in the financial services sector to provide better outcomes for consumers," said ASIC commissioner John Price. "Regtech is something we are keenly interested in, both as a consumer of products and a facilitator of engagement ...

Communication fails to keep member interests at heart

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... account balance falls below $6000 and no contributions have been received for 13 or more continuous months." ASIC Commissioner Danielle Press said last month that it is not appropriate for trustees to encourage all members to maintain insurance, as many ...