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Showing 631 - 640 of 903 results for "Banned"

ASIC bans credit and mortgage brokers

LAURA MILLAN  |  WEDNESDAY, 11 DEC 2013
The Australian Securities and Investments Commission (ASIC) has banned three mortgage brokers and convicted one after it found that they had provided false information to clients. Two Sydney-based mortgage brokers were permanently banned for providing ...

Bankrupt adviser gets nine month ban

STAFF WRITER  |  TUESDAY, 3 DEC 2013
The Australian Securities and Investments Commission (ASIC) has banned a Queensland-based financial adviser from providing financial services after becoming an undischarged bankrupt. Alistair Frank McCreath, of the Sunshine Coast, has been banned for ...

ASIC chair defends against media 'smear'

JAMES FERNYHOUGH  |  TUESDAY, 3 DEC 2013
... last three years, according to which ASIC has completed over 4,000 institutional surveillances, 554 investigations and banned 168 people. He said the regulator had completed 73 civil and 79 criminal proceedings and obtained over $349 million in compensation ...

Adviser forced to pay back $684,000

LAURA MILLAN  |  THURSDAY, 28 NOV 2013
... in the Blue Diamond Deposits Trust No. 1 (BDT), a managed investment scheme, collapsed in 2010. The former adviser was banned from financial services for four years in May 2011. He pleaded guilty to 5 charges of providing inappropriate advice and admitted ...

Banned adviser spent client savings on sports car business

MARK SMITH  |  TUESDAY, 19 NOV 2013
The Australian Securities and Investment Commission (ASIC) has accepted an enforceable undertaking (EU) from Sydney financial adviser Gabriel Nakhl which permanently prevents him from providing financial services after he used clients' cash on his sports ...

ASIC didn't take my claims seriously: whistleblower

LAURA MILLAN  |  THURSDAY, 7 NOV 2013
Whistleblower and business partner of now banned Lifestyle Trader director Aussie Rob has accused the Australian Securities and Investments Commission (ASIC) of not taking his claims seriously. In a submission to the Senate inquiry into the performance ...

Court dismisses case against Trio director after APRA EU

LAURA MILLAN  |  THURSDAY, 31 OCT 2013
... Australian Prudential Regulation Authority (APRA) accepted a voluntary enforceable undertaking from him. The regulator has banned him from acting as a trustee or as a responsible officer, investment manager or custodian of an APRA-regulated superannuation ...

ASIC concedes Trio ringleader investigation

MARK SMITH  |  WEDNESDAY, 30 OCT 2013
... investigation into Mr Flader." Since ASIC's investigation started on 2 October 2009, more than 11 people have either been jailed, banned from providing financial services, disqualified from managing companies or have agreed to remove themselves from ...

Don't deal with Aussie Rob, ASIC warns

JAMES FERNYHOUGH  |  FRIDAY, 18 OCT 2013
The Australian Securities and Investments Commission (ASIC) has banned Aussie Rob Financial Services and Lifestyle Trader director Robert Lloyd Wilson from providing financial services, and warned the public "not to deal with the failed businessman". ...

Finance broker gets 6 month ban

STAFF WRITERS  |  WEDNESDAY, 16 OCT 2013
ASIC has banned finance broker Alexander Dryden of West Croydon, South Australia, from engaging in credit activities and suspended his Australian credit license for six months. ASIC surveillance found Mr Dryden, who had been trading as 'Gryphon Financial' ...