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Showing 421 - 430 of 895 results for "Failing"

Former Apogee, GPS Wealth advisers banned

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2019
A former Apogee Financial Planning adviser has been handed a four-year ban for failing to provide appropriate advice. Meanwhile, a former GPS Wealth representative has been banned for three years for similar misconduct involving insurance products. ...

ASIC zeroes in on SMSF auditors

HARRISON WORLEY  |  WEDNESDAY, 6 NOV 2019
... responsibilities, including meeting independence and auditing standards. Alan Bentwitch of New South Wales was disqualified for failing to have peer reviews of three of his audits, a condition imposed on his registration following a referral from the ...

RI Advice faces ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2019
... that year RI Advice received a complaint about Doyle. Still, RI Advice did not apply any enhanced supervision of Doyle, failing to audit any of his files until February 2015 - almost two years after he initially joined. When it did audit his files, the ...

BNP Paribas appoints new Australia head

ELIZA BAVIN  |  MONDAY, 28 OCT 2019
... institutional banking. Earlier this month, the Financial Industry Regulatory Authority fined the company US$15 million for failing to develop an anti-money-laundering program that could detect suspicious penny stock and wire transfer activity.

Superannuation gets a classroom

ELIZABETH MCARTHUR  |  TUESDAY, 22 OCT 2019
... superannuation to help them work towards a dignified retirement." He explained that stories of South Australian employers failing to meet their super obligations spurred on the fund to create this new initiative. "There have been too many stories of ...

Broker fined for lavish entertainment

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
... when warning signs were visible." Tullett Prebon failed to be open and cooperative with the FCA in its investigation, failing to meet a request for broker audio tapes that the FCA required. But, Tullett Prebon still got a 30% discount on its fine under ...

UK insurer fined for annuity sales failings

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
UK-based insurer Prudential has been hit with a £24 million (AU$43.6 million) fine after failing to advise customers they may receive a better deal on annuities if they shopped around. The Financial Conduct Authority said Prudential failed to ensure ...

Intra-fund advice must improve: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 4 SEP 2019
... themselves will suffer until they do, according to Rice Warner. The research house has struck the superannuation industry for failing to deliver cost-effective financial advice to members approaching retirement and whose financial matters are becoming ...

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
Yellow Brick Road is expecting to compensate wealth clients close to $1 million for failing its fee disclosure statements obligations. During the 2019 financial year, the ASX-listed firm identified some advice clients with ongoing fee arrangements may ...

ASIC bans financial adviser

KRISTI CHENG  |  WEDNESDAY, 28 AUG 2019
ASIC has banned a financial adviser from providing financial services for four years for failing to act in the best interests of clients. ASIC found Bundaberg-based Peter Goudie did not adequately identify his clients' objectives, financial situation ...