Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 621 - 630 of 903 results for "Banned"

ASIC permanently bans 'tombstoning' adviser

LAURA MILLAN  |  WEDNESDAY, 16 APR 2014
The Australian Securities and Investments Commission (ASIC) has permanently banned financial adviser Pavan Vyas engaging in credit activities after he was convicted for dishonest conduct. Vyas was found guilty of 'tombstoning', a practice that involves ...

ASIC dictates seven-year ban for rogue CBA adviser

LAURA MILLAN  |  MONDAY, 7 APR 2014
The Australian Securities and Investments Commission (ASIC) has banned Commonwealth Financial Planning adviser Jade Zaicew for seven years. Zaicew's banning follows ASIC actions against former CBA advisers Don Nguyen, Ricky Gillespie, Simon Langton ...

Front-runners

BENJAMIN ONG  |  MONDAY, 7 APR 2014
... bourse, and four platforms run by BATS Global Markets, on possible reforms..." earlier this month. Should HFT be reformed, banned or left alone? Nays. HFT is not illegal. If trading provides liquidity to the market, HFT provides higher liquidity. It ...

We did a "pretty good job" in CBA planning case: ASIC

LAURA MILLAN  |  WEDNESDAY, 26 MAR 2014
... Tanzer argued that ASIC did a good job because it "recovered $50 million worth of compensation for investors," because it banned a number of entities from the industry and because it put in place "a significant cultural and organisational change to make ...

ASIC bans former authorised representative

LAURA MILLAN  |  WEDNESDAY, 26 MAR 2014
Former director and officer of CS Heritage Securities has been permanently banned from providing financial services by the Australian Securities and Investment Commission (ASIC). The regulator found that Phillip Gregory Spark had engaged in misleading ...

Westpac exec gets ASIC ban after preying on elderly's finances

ALICE URIBE  |  WEDNESDAY, 12 MAR 2014
ASIC has permanently banned David St Pierre, a former Westpac bank home finance manager from engaging in credit activities and providing financial services after encouraging vulnerable clients to borrow against their homes for investments. St Pierre ...

CFS outlines post-awards plans

JAMES FERNYHOUGH  |  WEDNESDAY, 5 MAR 2014
... taken ongoing commissions from the super funds they recommended in exchange for intrafund advice services. While this is banned under FoFA, the government is currently reviewing the possibility of allowing advisers to offer dual services in ways that ...

Treasury looks at further FoFA amendments

JAMES FERNYHOUGH  |  TUESDAY, 25 FEB 2014
... service fee'. Under the future of financial advice (FoFA) reforms, this is considered to be a conflict of interest and is banned. However, Latto said he is "much more than 50%" confident that the government will find a legal way to allow the dual fee ...

Ripoll demands parliamentary debate for FoFA reforms

ALICE URIBE  |  FRIDAY, 21 FEB 2014
... properly understood." Ripoll singled out the end of the credible best interest protection test and the reintroduction of banned fees and commissions as potential red flags. "The previous reform process had intensive industry and public consultation to ...

Trio victims condemn Astarra director jail release

LAURA MILLAN  |  FRIDAY, 24 JAN 2014
... many of whom are still without any compensation." Richard entered into an enforceable undertaking with ASIC in 2010 that banned him for life from providing financial services.