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Showing 21 - 30 of 786 results for "Banned"

Piper Alderman investigates second CFD class action

CHLOE WALKER  |  WEDNESDAY, 25 OCT 2023
... IG Markets and also represented traders who lost hundreds of millions. While CFDs are legal in Australia, they have been banned in many other countries, with the Federal Court of Australia describing these products as "financial heroin hits". In March ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
... Federal Court has found in favour of Diversa in the case brought by ASIC in 2021 which alleged the trustee knew about a now banned adviser's dodgy behaviour but failed to act. In October 2021, ASIC commenced civil penalty proceedings against Diversa ...

ASIC bans former PwC partner over tax scandal

CASSANDRA BALDINI  |  MONDAY, 23 OCT 2023
Disgraced former PwC head of international tax Peter-John Collins has been banned from providing financial services or controlling an entity that carries on a financial services business for eight years. At the start of the year, Collins was barred ...

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... investment guru and DG Institute founder, from participating in credit activities and financial services. In 2022, Grubisa was banned for four years after ASIC found she was claiming to hold AFS and credit licences that she did not. The licence for her ...

ASIC cracks down on 11 SMSF auditors

ANDREW MCKEAN  |  WEDNESDAY, 11 OCT 2023
... struck off three SMSF auditors: Carlo Celisano, Eamon Lynch, and Brian Townhill. They now find themselves on the regulator's banned and disqualified register, with no recourse for reapplication. Meanwhile, Anthony Boys, Laurence Carwardine, Gurjeet Singh ...

Adviser cops 10-year sentence

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
... imprisonment at the Victoria County Court yesterday. He will be eligible for parole after 6.5 years. Nugara, who was permanently banned by ASIC in April, stole $10,072,061.93 from 38 clients between 10 October 2014 and 9 January 2019. The hearings revealed ...

ASIC bans former risk adviser

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
Former insurance adviser John Durant has been banned by the regulator for three years after he was found to have told clients to deposit insurance premiums directly into his personal account. Durant is prohibited from providing financial services, controlling ...

Skynet adviser stole $10.2m: Court

KARREN VERGARA  |  THURSDAY, 28 SEP 2023
... swindled clients to the tune of $10 million and could face up to 20 years in jail. Terence Rio Nugara, who was permanently banned by ASIC in April, stole $10,152,061.93 from 38 clients between 10 October 2014 and 9 January 2019, documents from the Country ...

NextGen Financial Group forced into liquidation

KARREN VERGARA  |  MONDAY, 25 SEP 2023
... NextGen has a string of advisers that landed in hot water. Most recently, former NextGen adviser David Mario Valvo was banned from leaving the country and saw his assets frozen as ASIC investigates if he inappropriately charged clients' super funds. ...

Former van Eyk chief cops permanent ban

KARREN VERGARA  |  FRIDAY, 8 SEP 2023
... currently serving a 15-month sentence and must complete 250 hours of community service. ASIC said Thomas is permanently banned from performing any function involved within a financial services business or credit provider, or control, whether alone or ...