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Showing 631 - 640 of 927 results for "Failing"

Former Sentinel adviser slapped with ban

KERRIE SYDEE  |  THURSDAY, 17 NOV 2016
... received from insurers. Through providing such advice Beckton: Failed to act in the best interests of his clients by: - Failing to conduct a reasonable investigation of their existing superannuation and insurance products - Giving them advice that may ...

CommSec pays $200,000 penalty

KERRIE SYDEE  |  WEDNESDAY, 16 NOV 2016
CommSec has paid a $200,000 infringement notice penalty after failing to apply a holder record lock to the accounts of a deceased client and entering into unauthorised market transactions following the client's death. The Markets Disciplinary Panel ...

Ageing boards problematic: ACSI

JAMIE WILLIAMSON  |  TUESDAY, 15 NOV 2016
... be ensuring they have sufficient diversity on a number of other fronts - or risk falling behind their competitors and failing to attract investor capital," Davidson said. Last year 21% of ASX200 directorships were held by women, with that number increasing ...

Self-auditing SMSF auditor caught in ASIC breach

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2016
... both a member and the trustee. Jarjoura is also guilty of breaching the requirements of Australian auditing standards by failing to adopt appropriate procedures for properly maintaining audit documentation. Jarjoura was referred to ASIC by the Australian ...

Equititrust CEO remains permanently banned

KERRIE SYDEE  |  THURSDAY, 20 OCT 2016
... had occurred, when no such meeting had occurred and as a result did not meet his obligations under EIFs compliance plan Failing to take all the steps a reasonable person would take, if they were in McIvor's position, to ensure accurate, true and correct ...

Advisory firm has licence cancelled

MARK SMITH  |  MONDAY, 19 SEP 2016
Melbourne-based corporate advisory firm Allegianz has had its financial services licence cancelled by ASIC for failing to lodge financial statements and auditor reports. Allegianz's AFSL was suspended for six months in March 2016 after the company failed ...

ASIC hands down permanent and four year bans

KERRIE SYDEE  |  FRIDAY, 16 SEP 2016
... Corporations Act Woodcock was involved in this contravention by the companies Woodcock personally persuaded clients to invest by failing to disclose that around 40-45% of the money invested would be retained as a commission Both Hill and Woodcock have ...

Westpac refunds $9.2 million in unfair fees

JAMIE WILLIAMSON  |  TUESDAY, 13 SEP 2016
... after more than 160,000 customers were wrongfully charged inapplicable account fees. The refunds are a result of the bank failing to waive fees on Westpac and St. George branded savings and transaction accounts over a six year period. Between May 2007 ...

ASIC cancels AFSL, bans responsible managers

DARREN SNYDER  |  FRIDAY, 9 SEP 2016
... product or a financial service; providing personal advice to clients when they were only licensed to provide general advice; failing to notify ASIC of significant breaches within 10 days; and failing to maintain the competence to provide financial services ...

ANZ to refund millions in unlawfully charged fees

JAMIE WILLIAMSON  |  TUESDAY, 6 SEP 2016
ANZ must refund $28.8 million to customers after failing to clearly disclose when certain periodical payment fees would apply. The bank discovered it had been charging fees on transactions carried out between accounts held in customers' own names, contrary ...