Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 731 - 740 of 903 results for "Banned"

ASIC slaps seven-year ban on planner

ELISE BURGESS  |  FRIDAY, 11 MAR 2011
The Australian Securities and Investments Commission (ASIC) has banned former Commonwealth Financial Planning (CFP) adviser, Don Nguyen, from providing financial services for seven years. Nguyen worked as a financial adviser at CFP between 1 October ...

ASIC bans former Storm adviser

ELISE BURGESS  |  FRIDAY, 25 FEB 2011
Former Storm Financial adviser, Stuart Craig Drummond, has been banned from providing financial services for four years following an investigation by the Australian Securities and Investments Commission (ASIC). Drummond was found guilty of making false ...

SPAA to lift professional standards

MICHELLE BALTAZAR  |  WEDNESDAY, 23 FEB 2011
... interpretation of them," he said. "Currently, SMSFs can only borrow against a 'single acquirable asset' and asset improvements are banned. The Queensland floods highlighted the inflexibility of these rules and, unless changes are made to them, or to ...

Proposed reforms could hurt insurance levels: AFA

ALISON BEVEGE  |  TUESDAY, 22 FEB 2011
... on life insurance levels. Richard Klipin, chief executive, AFA, said research had shown that if adviser commissions were banned, consumers would not seek life insurance advice. "Without advice, Australians are often significantly underinsured or more ...

Adviser banned for life

ALISON BEVEGE  |  TUESDAY, 22 FEB 2011
A financial adviser has been banned for life after using a retired faming couple's savings to fund a margin loan, ASIC said yesterday. Trevor Wayne Carll of Port Pirie, South Australia, worked for local planning business Bruce McDonald Investment Services ...

Astarra director faces five years jail, $220k fine

ASIC RELEASE  |  WEDNESDAY, 8 DEC 2010
... Management, Shawn Richard, faces a maximum penalty of 5 years imprisonment or a $220,000 fine - or both - and has been banned for life from providing financial services. Richard pleaded guilty to two charges of dishonest conduct in the course of carrying ...

ASIC bans adviser for misleading conduct

ELISE BURGESS  |  WEDNESDAY, 8 DEC 2010
ASIC has banned financial adviser Jenny Tu Quyhn Tran of Naremburn for five years for misleading conduct and deceptive client relations. ASIC has called the actions of Tran "deliberate and likely to mislead", and that she showed a lack of compliance ...

ASIC slaps tough penance for fin services misconduct

ELISE BURGESS  |  FRIDAY, 3 DEC 2010
... imprisonment suspended with conditions after failing to comply with the community service order. Meanwhile, on November 10, ASIC banned a former adviser for market manipulation as a former company director was charged with dishonest conduct. While the ...

ASIC bans adviser and charges former director

ELISE BURGESS  |  WEDNESDAY, 10 NOV 2010
... former company director has been charged with dishonest conduct. Former client adviser, Lim Theam Chye of Melbourne, is banned from providing financial services for five years after ASIC concluded Chye engaged in market manipulation. Chye acted as an ...

Adviser sentenced to 8yrs imprisonment

ELISE BURGESS  |  FRIDAY, 29 OCT 2010
... "insolvency" after the companies mutual director, Dodd, was investigated... The companies were liquidated. Dodd, permanently banned providing financial services in May this year, has a history of such behaviour with the former authorised representative ...