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Showing 51 - 60 of 64 results for "ASIC deputy chairman Peter Kell"

FoFA changes could start before May: Sinodinos

LAURA MILLAN  |  WEDNESDAY, 26 FEB 2014
... are making reasonable efforts to comply," the regulator said in a statement before July 1, 2013. ASIC deputy chairman Peter Kell told the Committee that the regulator will take a "facilitative approach" until July 1, 2014. "It has proved to be a very ...

Planners lax on capital protected product advice: ASIC

JAMES FERNYHOUGH  |  WEDNESDAY, 4 DEC 2013
... using a one-size-fits-all approach, and making unsuitable or unjustified gearing recommendations. ASIC deputy chairman Peter Kell said: "The findings were disappointing and with FOFA now raising the bar for advisers, our warning against inappropriate ...

Banned adviser spent client savings on sports car business

MARK SMITH  |  TUESDAY, 19 NOV 2013
... not manage a company for 15 years. "Mr Nakhl breached the trust many investors placed in him," ASIC Deputy Chairman Peter Kell said. "This EU also emphasises ASIC's recent focus on targeting misconduct within the SMSF sector. "Setting up an SMSF is one ...

Read the rules, says ASIC

MARK SMITH  |  TUESDAY, 15 OCT 2013
ASIC deputy chairman Peter Kell reassured advisers at the AFA conference that the FoFA best interest duty is not as strict as people think. He reminded them to read the regulatory guidance before jumping to conclusions. "We're just over three months ...

ASIC bans broker for deceptive conduct

JAMES FERNYHOUGH  |  TUESDAY, 6 AUG 2013
... be banned from providing financial services this year, and the 18th to receive a permanent ban. ASIC deputy chairman Peter Kell said, 'ASIC will not tolerate this type of behaviour. Those who engage in misleading and deceptive conduct will be removed ...

CBA and HSBC change 'misleading' ads

MARK SMITH  |  WEDNESDAY, 17 JUL 2013
... misleading due to the risk of capital loss with certain HSBC structured products being promoted. ASIC deputy chairman Peter Kell said ads which created unrealistic expectations were unacceptable. "We will continue to monitor industry practice in the ...

ASIC slaps permanent ban on insurance claim manager

MARK SMITH  |  WEDNESDAY, 10 JUL 2013
... industry if they fail to comply with financial services laws and breach their employer's trust," ASIC deputy chairman Peter Kell said. Loy has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decision.

Adviser uses dead people to earn commission

JAMES FERNYHOUGH  |  FRIDAY, 5 JUL 2013
... thing and are held to account. When they fall short, ASIC will take direct enforcement action," ASIC deputy chairman Peter Kell said. ASIC's investigation in Vyas is continuing.

ASIC proposes stricter training requirements for advisers

LAURA MILLAN  |  MONDAY, 24 JUN 2013
... standards play an important role in ensuring that investors and consumers receive quality advice," ASIC deputy chairman Peter Kell said. The consultation paper proposes to retain the current training standards as "base level" standards and to introduce ...

ASIC bans former CEO for 'misleading activities'

JAMES FERNYHOUGH  |  FRIDAY, 7 JUN 2013
... information provided about their products is factually correct and does not mislead consumers," ASIC deputy chairman Peter Kell said. Priestley's three-year ban took effect on 3 June 2013.