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Showing 11 - 20 of 73 results for "Deputy chairman Peter Kell"

ASIC cancels suspended AFSL

EMMA RAPAPORT  |  THURSDAY, 6 APR 2017
... resources to provide the services covered by its licence and to conduct the business lawfully," ASIC deputy chairman Peter Kell said. RGIB had held its AFS licence since March 2003, and provided general financial product advice. The company was also ...

ASIC wins first court action for FoFA breaches

EMMA RAPAPORT  |  WEDNESDAY, 5 APR 2017
... advice they provide complies with the best interest obligation, and is appropriate for clients. ASIC deputy chairman Peter Kell said the finding against NSG is a yardstick upon which the industry can rely. "This finding, the first of its kind, provides ...

Advisers to consult on ASIC's behalf

JAMIE WILLIAMSON  |  WEDNESDAY, 29 MAR 2017
... financial advice sector as well as financial advice industry bodies and consumer organisations," ASIC deputy chairman Peter Kell said. "We saw benefit in extending our interaction with this sector through the establishment of a committee made up of practising ...

ASIC cancels AFSL licences

EMMA RAPAPORT  |  MONDAY, 27 MAR 2017
... resources to provide the services covered by its licence and to conduct the business lawfully," ASIC deputy chairman Peter Kell said. "Membership of an EDR scheme is also an important requirement for licensees and ASIC will not hesitate to act against ...

Former adviser cops ASIC reprimand

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2017
... standing as an alternative to administrative action against Wilson. Commenting on the outcome, ASIC deputy chairman Peter Kell said: "Consumers need to have confidence and trust in their financial advisers." "ASIC will use all regulatory means available ...

False ASIC licensing claims lead to closure

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAR 2017
... the benefits of direct land ownership by equating investment amounts to land size, for example. ASIC deputy chairman Peter Kell said: "Financial products must not be promoted in a way that could mislead consumers about the benefits of the product or ...

ASIC bans Melbourne insurance broker

EMMA RAPAPORT  |  FRIDAY, 24 FEB 2017
... is licenced with an AFS license lodge an annual auditor's report and financial statements with ASIC. Deputy chairman Peter Kell reassured the public that ASIC will act to remove those who behave without regard to their obligations to their clients, adding ...

ASIC watching SMSF advice closely

JAMIE WILLIAMSON  |  MONDAY, 20 FEB 2017
... of SMSFs, as the regulator continues its work to lift the standard of financial advice in Australia. Deputy chairman Peter Kell informed delegates at the 2017 SMSF Association National Conference that ASIC will engage in 'shadow shopping' over the next ...

ASIC bans Sydney adviser

JAMIE WILLIAMSON  |  FRIDAY, 16 DEC 2016
... Protect Ensure's business-related expenses. Some investors lost their invested funds entirely. ASIC deputy chairman Peter Kell said: "ASIC will take action against financial advisers who mislead their clients. We will investigate and take action of such ...

Former ANZ planner cops ban

JAMIE WILLIAMSON  |  MONDAY, 12 DEC 2016
... had signed in previous years and falsifying dates on the copied items. Commenting on the case, ASIC deputy chairman Peter Kell said: "Financial advisers are important gatekeepers who must act honestly to increase broader public confidence in the financial ...