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Showing 641 - 650 of 903 results for "Banned"

Court freezes LM Investment Management founder's assets

MARK SMITH  |  MONDAY, 30 SEP 2013
... 12,000 investors in Australia and overseas. As well as being restrained from travel outside of Australia, Drake has been banned from liquidating his assets as the investigation into the Gold Coast-based company continues. ASIC said William Fletcher and ...

Judge orders end of class action against WealthSure

LAURA MILLAN  |  MONDAY, 23 SEP 2013
... individually. Members of the class action were former clients of Colin James Oberg, a former WealthSure adviser that was banned by the Australian Securities and Investments Commission (ASIC) in 2012 after he withdrew over $1.55 million of client funds ...

Wickham Securities chairman banned for two years

LAURA MILLAN  |  WEDNESDAY, 4 SEP 2013
The chairman of the collapsed lender Wickham Securities has been banned from financial services for two years and seven months. The Australian Securities and Investment Commission (ASIC) has banned Bradley Thomas Sherwin after he declared himself bankrupt. ...

WealthSure undertakes major reform of the business

LAURA MILLAN  |  TUESDAY, 3 SEP 2013
... executive, Darren Pawski. ASIC identified Pawski as instrumental in WealthSure's multiple compliance failures and he has been banned permanently from providing financial services. WealthSure has already appointed Pathway Licensee Services as compliance ...

ASIC accepts enforceable undertaking from WealthSure

LAURA MILLAN  |  MONDAY, 2 SEP 2013
... their boards. ASIC also found that Pawski was instrumental in WealthSure 's multiple compliance failures and he has been banned permanently from providing financial servies. ASIC said it is concerned that WealthSure's commitment to compliance is inadequate ...

Banned adviser faces jail time over 'tombstoning'

LAURA MILLAN  |  WEDNESDAY, 28 AUG 2013
... to hide his dishonest conduct. He falsified emails from fictitious clients and variations to insurance companies. ASIC banned Vyas from working in the finance industry for life in July. He now faces a maximum penalty of 10 years jail or a fine of $450,000 ...

Gunns chairman avoids jail for insider trading

MARK SMITH  |  FRIDAY, 23 AUG 2013
Former Gunns chairman John Eugene Gay has avoided jail and instead been fined $50,000 and banned from managing a corporation for five years. Gay is the most senior executive to be convicted of insider trading in Australia and pleaded guilty to the crime ...

Queensland adviser permanently banned

MARK SMITH  |  FRIDAY, 16 AUG 2013
A former Queensland financial adviser has been permanently banned by the Australian Securities and Investments Commission (ASIC) after an investigation found he provided inappropriate and unreasonable advice. ASIC's investigation found that between ...

ASIC bans broker for deceptive conduct

JAMES FERNYHOUGH  |  TUESDAY, 6 AUG 2013
The Australian Securities and Investments Commission (ASIC) has permanently banned a Perth-based insurance broker after it found he had engaged in misleading and deceptive conduct. ASIC found that John Andrew Barr, of Darlington, Western Australia ...

New dark pool transparency rules introduced

MARK SMITH  |  TUESDAY, 6 AUG 2013
... manage conflict of interests have also been introduced. Negative commissions as payment for order flows have also been banned. These rules will come into force in stages over a nine month period. ASIC will also issue guidance to clarify the new rules ...