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Showing 431 - 440 of 796 results for "Fraud"

We don't need financial advice: Gen Y

DARREN SNYDER  |  THURSDAY, 9 APR 2015
... said they were concerned about too much security, which was a marked change from our 2012 report where data privacy and fraud were primary concerns," Craig said. "While 95% said they don't currently have a financial planner, and 84% think they don't ...

DeVere helped US press expose investment fraud

ALEX BURKE  |  WEDNESDAY, 25 MAR 2015
Global adviser group deVere provided evidence of what a spokesperson described as "one of the largest financial scams in history" to a US-based investigative news service. DeVere, which has recently been expanding its Australian operations, worked with ...

ASIC bans former Westpac problem gambler

ALEX GAMBOTTO-BURKE  |  FRIDAY, 27 FEB 2015
... permanently banned a former Westpac home finance manager from practicing financial services. Ravinesh Singh was convicted of fraud after working at Westpac's Market Street branch in 2011 and 2012, where he withdrew over $113,000 using eight credit cards ...

Ex-ANZ adviser sent to jail over $6m fraud

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
A former ANZ financial adviser was jailed for six years and three months for defrauding over $5.9 million over a period of 20 years. Melinda Scott will serve three years and ten months in jail before being eligible for parole, the NSW District Court ...

ASIC national exam proposal lacks evidence: CMCRC

ALEX BURKE  |  TUESDAY, 20 JAN 2015
... the General Securities Representative Exam (GSRE, or Series 7 Exam) in the US to determine whether it impacted rates of fraud. Aitken also noted that the proposal illustrated wider regulatory issues, arguing that ASIC has been "making or authorising ...

Senate grills ASIC after it blocks 250,000 websites

LAURA MILLAN  |  TUESDAY, 2 DEC 2014
... after blocking a quarter of a million websites when it was seeking to prevent access to sites associated with investment fraud. A public hearing by the Senate Communications Committee tomorrow will be asking ASIC officials why websites such as the Melbourne ...

Brisbane adviser pleads guilty to $9 million fraud

LAURA MILLAN  |  FRIDAY, 28 NOV 2014
A Brisbane-based financial adviser has pleaded guilty to 54 charges involving a $9 million fraud. Thanh Quoc Tu was permanently banned from financial services in July 2014 and the charges he now faces could carry a maximum penalty of up to 12 years ...

Adviser jailed for two years over $1.5M fraud

LAURA MILLAN  |  MONDAY, 24 NOV 2014
A former Perth-based financial adviser has been jailed for two years for stealing almost $1.5 million worth of shares. Michael King was made eligible for parole, but the Australian Securities and Investments Commission (ASIC) commissioner John Price ...

Share trader jailed over $260,000 fraud

LAURA MILLAN  |  MONDAY, 3 NOV 2014
A share trader was jailed for 18 months for fraudulently misappropriating $260,000 from two investors and using the money for his own personal benefit. New South Wales-based William John Jones will serve 10 months before being eligible for parole. He ...

APRA releases draft RSE fraud management guide

ALEX DUNNIN  |  MONDAY, 27 OCT 2014
... Australian Prudential Regulation Authority (APRA) has just released for consultation a draft prudential practice guide concerning fraud risk management that Registrable Superannuation Entity (RSE) licensees will be expected to follow. In it the regulator ...