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| | | Banned South Australian financial adviser, Trevor Wayne Carll, is facing 28 charges from ASIC, including deception, with a possible jail time of ten years for each offence. Carll, of Port Pirie, South Australia, was banned from the industry in February ... |
| | | | Some financial advisers and accountants that call themselves 'SMSF specialists' are ill-equipped to adequately advise on running a self-managed super fund - making them prime targets for litigation and causing reputational damage to the SMSF sector. ... |
| | | | Concerns that the US Department of Labor's new definition of fiduciary duty for financial advisers is too demanding has prompted the retirement savings regulator to re-initiate industry discussions, a process that some believe may take up to two years. ... |
| | | | ... 'inadvertent breaches' as members seek to maximise contributions, while third party contributions and a lack of understanding of the law by both individuals and advisers have also caused problems. "ASFA continues to advocate for a reinstatement of the ... |
| | | | AMP and independent financial planners were warned to stop ignoring the wealth of referral and business expansion opportunities estate planning presents to the industry and instead embrace this market, in an industry address this morning. The AMP Estate ... |
| | | | ... economy could be at risk of slipping into another recession. Also on Friday, the US Federal Housing Finance Agency filed a law suit against the nation's largest banks, along with a handful of other financial institutions and executives, for violating ... |
| | | | ... association for financial planners and the ad would show people that members had to have much higher educational standards than the law requires. It has a separate code of ethics to which members must sign their name. From July 1, 2013, the FPA will ... |
| | | | The Australian market looks set to open higher after world markets rallied on hopes the US Federal Reserve would respond to mounting signs of weakness in the global economy. At 0750 AEST on Thursday, the September share price index futures contract ... |
| | | | ... comply as it stands now. ASIC will also be able to ban a person of poor character, likely to contravene a financial services law or acts in a contravention of obligations by another person. Finally, advisers found in breach of new best interest obligation ... |
| | | | The government will release a public consultation paper on defining the term 'financial planner' by law, obliging advisers to prove their credentials before offering services to clients. The Treasury has drawn praise from industry bodies for announcing ... |
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