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Showing 51 - 60 of 73 results for "Deputy chairman Peter Kell"

Licensee under ASIC scrutiny after employing AAA advisers

LAURA MILLAN  |  WEDNESDAY, 30 JUL 2014
... recognising they may have been exposed to a less robust or non-compliant supervisory environment', ASIC deputy chairman Peter Kell said.

ASIC permanently bans former finance broker

HARRY PAGE  |  THURSDAY, 10 JUL 2014
... Newstart allowance forms and made a false declaration to the Migration Agents Registration Authority. ASIC deputy chairman Peter Kell said Frugtniet's conduct was incompatible with the traits of someone who was permitted to engage in credit activities. ...

Queensland advice firm falls foul of regulator

MARK SMITH  |  THURSDAY, 15 MAY 2014
... adequate systems in place to ensure they are fully across the actions of their representatives," ASIC deputy chairman Peter Kell said. Under the enforceable undertaking, LCL Capital will face a 15 month regime of supervision, review and audit of their ...

New reports to stir financial planning perfect storm

LAURA MILLAN  |  MONDAY, 5 MAY 2014
... as a result of these events," the bank continued. ASIC chose to upload a video on YouTube, where its deputy chairman Peter Kell gave some background information on the CBA scandal and defended the way ASIC dealt with it. He admitted that the regulator ...

Virgin Money cops fine for misleading direct insurance ads

MARK SMITH  |  WEDNESDAY, 30 APR 2014
... consumers should be able to confidently rely on representations made to them in advertising," ASIC deputy chairman Peter Kell said. The payment of an infringement notice is not an admission of a contravention of the Australian Securities and Investment ...

"Free set up" SMSF administrator pays infringement notice over bogus claims

ALICE URIBE  |  TUESDAY, 18 MAR 2014
... expect that representations made about setup costs reflect the actual costs they will incur," ASIC deputy chairman Peter Kell said. "ASIC has a particular focus on misleading claims that a financial product or service is 'free,' as this may lead consumers ...

Financial Adviser convicted of 'tombstoning': ASIC

HARRY PAGE  |  THURSDAY, 6 MAR 2014
... $243,433 in commissions, Vyas submitted 15 false applications between June 2012 and March 2013. ASIC deputy chairman Peter Kell said that there was no tolerance for people in the financial services industry who don't act within the law. Vyas also attempted ...

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 ...