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Showing 581 - 590 of 903 results for "Banned"

ASIC cancels Sydney broker licence

ALEX BURKE  |  THURSDAY, 7 MAY 2015
ASIC has banned a Sydney broker for three years after it found she had been operating outside the bounds of her credit licence. Under the licence's terms, Siv Lim, working as an independent contractor for Audi Parramatta, was not permitted to assist ...

ASIC bans incompetent adviser

MARK SMITH  |  THURSDAY, 30 APR 2015
ASIC has banned a Sydney-based adviser for three years for failing to keep records. The regulator said Lionsgate Financial Group adviser Atish Prasa, from Westmead, was not adequately trained or competent to provide a financial service. He also broke ...

Advisers Register hits 22k

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
... for training or driving the [bad] culture," Kell said. Since ASIC's facilitative approach began in 2013, the watchdog has banned 17 people from providing financial advice, removed five advisers through enforceable undertakings and cancelled 18 licences. ...

Don't blame "churning" on advisers: Synchron

LAURA MILLAN  |  MONDAY, 20 APR 2015
... replace," the report said. During the trip, Synchron learned that the common perception that commissions on life insurance were banned and then reinstated is wrong. "In the UK 'Life Insurance' is the term used for investment products - bonds and annuities ...

The bad and the bad and the bad

BENJAMIN ONG  |  MONDAY, 20 APR 2015
... Shanghai Composite Index sank 7.7% to 3,116.35 at close on Monday, after the China Securities Regulatory Commission (CSRC) banned the country's three biggest security brokerages - Citic Securities, Haitong Securities and Guotai Junan Securities - from ...

ASIC bans Commonwealth Financial Planning employee

DARREN SNYDER  |  WEDNESDAY, 1 APR 2015
ASIC has banned Commonwealth Financial Planning employee Rebecca Locksley from providing financial services for 18 months, after finding she created false documents for client files. Locksley of Merewether, New South Wales, was the servicing planner ...

ASIC bans former Patersons adviser for life

ALEX BURKE  |  FRIDAY, 13 MAR 2015
The Australian Securities and Investments Commission (ASIC) has permanently banned a former Patersons Securities retail operations manager and financial adviser from practicing financial services. Based on a voluntary report submitted by Patersons Securities ...

ASIC bans Charterhill director from financial services

ALEX BURKE  |  WEDNESDAY, 11 MAR 2015
Charterhill Group founder and director George Nowak has been banned by ASIC from practicing financial services until 3 July 2017. The grounds for the ban are that Nowak is an undischarged bankrupt, having applied for personal bankruptcy in July 2014. ...

ASIC bans former Westpac problem gambler

ALEX GAMBOTTO-BURKE  |  FRIDAY, 27 FEB 2015
ASIC has 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 ...

ClearView calls for life insurance industry crackdown

ALEX BURKE  |  TUESDAY, 24 FEB 2015
... Simon Swanson said. "Shelf space fees are inequitable in the financial services industry and we believe they should be banned. A number of dealer groups require upfront payments, which start from around $100,000 and rise to over $300,000 per annum for ...