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Showing 241 - 250 of 256 results for "Financial Services Law"

Former AMP adviser gets permanent ban

ASIC RELEASE  |  MONDAY, 20 SEP 2010
ASIC has permanently banned former AMP adviser Vince Aloisi of Baulkham Hills, New South Wales, from providing financial services. ASIC's action against Aloisi follows its investigation into allegations of misconduct during his employment as an authorised ...

AvSuper takes legal action against big fund

RUTH LIEW  |  THURSDAY, 19 AUG 2010
Canberra-based super fund AvSuper Pty Ltd (AvSuper) has lodged legal proceedings against Commonwealth Managed Investments Limited (CMIL) and Colonial First State Property Limited (CFSPL) over the meaning of an agreement regarding the super fund's entitlements ...

Insurance rep banned from fin services

ASIC RELEASE  |  FRIDAY, 5 MAR 2010
Insurance representative Terrence Wayne McDonald has been banned from providing financial services for 10 years following an investigation by ASIC. McDonald, of Portland, Victoria, was banned after ASIC found that he had not complied with financial ...

ASIC slaps six year ban for MIS fraud

ASIC RELEASE  |  MONDAY, 24 AUG 2009
... totalling more than $15.2 million. ASIC found that between June 2003 and March 2007 West did not comply with financial services law as he operated a managed investment scheme that was required to be registered but was not. West carried on a financial ...

Broker gets permanent ban from ASIC

COMPANY RELEASE  |  THURSDAY, 25 JUN 2009
... documentation relating to the income protection insurance was found to be misleading and deceptive in breach of a financial services law. ASIC also found that Clough breached a financial services law by carrying on a financial services business while ...

Fin services escapes consumer law reform

ALEX DUNNIN  |  TUESDAY, 17 FEB 2009
... these consumer objectives would be better addressed by ASIC. The regulatory carve-out of consumer laws in financial services law is widely considered the primary reason for the excessively anti-competitive compliance regime now operating in the indus ...

$500k fraudster gets jail time

RUTH LIEW  |  MONDAY, 12 MAY 2008
South Australian broker trading representative Kym Andrew Sellers was last Friday sentenced to four years jail with a two-year non-parole period following an Australian Securities and Investments Commission (ASIC) investigation. On 7 April 2008, Sellers ...

Life ban for adviser after altering codes

RUTH LIEW  |  THURSDAY, 17 JAN 2008
... Grant, who was employed with Shadforths Limited, after investigations revealed he failed to comply with a financial services law, and the commission had reason to believe he would not comply with future regulations. Between September 2001 and July 2005 ...

Govt push for reforms in $221.4b legacy products sector

In a move that could unshackle thousands of investors from obsolete or outdated investment products, the Government has released a consultation paper outlining ways to rationalise 6,000 legacy investment products estimated to be worth $221.4 billion. ...

ASIC serves up life to insurance rep

HAMISH MADDEN  |  THURSDAY, 22 JUN 2006
A former CGU Insurance representative has been permanently banned from offering financial services after repeated and deliberate dishonest behaviour, including spending client's insurance premiums on himself. Terence Howell, from Victoria, has received ...