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Showing 51 - 60 of 890 results for "Banned"

Adviser receives permanent ban over 'dishonest' conduct

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
ASIC has permanently banned financial adviser Barry David King of Melbourne following several years of misusing client funds and falsifying documents. King was found to have engaged in serious misconduct, including concealing information from clients ...

Fees for no service see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
A former financial adviser is now banned for 10 years after she was found to have knowingly charged fees for no service. Kiriley Roper was a director, shareholder and adviser at Lighthouse Partners in Redcliffe, Queensland. ASIC alleges that between ...

Banned director sentenced for running financial services firm

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... received a prison sentence after he was found to have continued to run a financial services business despite having been banned from doing so. In 2018, Joshua Fuoco was found to have engaged in misleading and deceptive conduct and unconscionable conduct ...

ASIC cancels Financial Services Group Australia's AFSL

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... Master Fund and First Guardian Master Fund. FSGA's responsible manager (RM) Graham Holmes has also been permanently banned from working in the industry. Ferras Merhi was the sole director of FSGA from 10 February 2021 to 30 May 2025. He is also the ...

$15m crypto scam costs former adviser 10 years

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
A former financial adviser that redirected $14.8 million in client and family funds into a crypto scam has been banned for 10 years. Glenda Rogan of Wollongong and Sutherland Shire allegedly transferred at least $14.8 million of funds invested by clients ...

Former adviser accused of theft loses lengthy extradition fight

JAMIE WILLIAMSON  |  FRIDAY, 16 MAY 2025
... is accused of having stolen millions of dollars intended for clients' self-managed super funds. She was permanently banned by ASIC in 2015 after it found she engaged in dishonest conduct and in conduct that was misleading or deceptive. ASIC alleged ...

NAB MySuper class action settlement approved

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... members were left idling in products that attracted higher fees and commissions to financial advisers that would have been banned in a MySuper option. The action alleged the delay impacted about $6.8 billion in accrued default amounts. In December 2020 ...

ASIC bans unlicensed WA adviser

ELIZA BAVIN  |  FRIDAY, 2 MAY 2025
... has made an order to permanently ban former Western Australia based financial adviser Neville Kendrick. Kendrick has been banned from providing any financial services, performing any function involved in the carrying on of a financial services business ...

Federal Court hammers defunct advice firm with $11m penalty

ANDREW MCKEAN  |  MONDAY, 28 APR 2025
... said misconduct exploiting superannuation savings is an enforcement priority. ASIC updated its guidance on conflicted and banned remuneration (RG 246) in December 2020, and released an information sheet in December 2022 to help advice providers comply ...

UGC's AFCA membership to cease

KARREN VERGARA  |  MONDAY, 7 APR 2025
... establish SMSFs and invest into speculative schemes, which Joel Hewish, the sole director of UGC, had interests in. He has been banned from working in the industry for 10 years. ASIC has since made interim stop orders and cancelled UGC's AFS Licence ...