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Showing 871 - 880 of 1612 results for "Investigation"

FOFA breach sees former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2017
... in the best interests of the clients as he had not identified the subject matter of the advice; conducted a sound investigation into the financial products that might achieve the objectives and the needs of the client that would reasonably be considered ...

Sydney RE to pay for false ads

JAMIE WILLIAMSON  |  MONDAY, 17 JUL 2017
The Federal Court of Australia penalised a Sydney-based managed investment services boutique for falsely claiming that its projects were approved by ASIC. Huntley Management operates as a responsible entity and custodian for registered schemes and as ...

Police charge man with super fraud

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2017
... false documents. He was arrested in Bondi yesterday, refused bail and is due to face Waverly Local Court today. The investigation is ongoing, NSW police said in a statement. The arrest is part of Strike Force Garigal, established by detectives in December ...

AAT upholds ex-AMP adviser ban

KARREN VERGARA  |  FRIDAY, 7 JUL 2017
... be transferred. Panganiban, who was part of AMP Financial Planning between February 2011 and July 2014 when the investigation took place, received the full rate of commission hence boosting his own remuneration, ASIC said. Since leaving AMP, he became ...

ASIC calls on NAB to improve disclosure

JAMIE WILLIAMSON  |  FRIDAY, 7 JUL 2017
An investigation by ASIC has forced NAB Group advice licensees to make corrective disclosures to customers. The corporate regulator found that NAB's dealer groups failed to disclose relationships between advisers, licensees, and other members of the ...

Man posing as financial adviser charged

EMMA RAPAPORT  |  WEDNESDAY, 28 JUN 2017
A Sydney man posing as a financial adviser has been charged after he allegedly defrauded elderly clients of their life savings. The 34-year-old man, who was the sole director of a Woollahra-based finance and investment company, was arrested yesterday ...

ASIC bans ex-AMP adviser

KARREN VERGARA  |  TUESDAY, 27 JUN 2017
... ASIC's Markets Disciplinary Panel slapped Macquarie Securities with a $505,000 fine for trading "recklessly." An investigation in 2014 found Macquarie customised the parameters of its concurrent bid-offer filter within its automated order processing ...

JB Financial enters buyout mode

ALEX BURKE  |  FRIDAY, 23 JUN 2017
... mergers between IDS Group, Advance Group, Ashdale Integrity Solutions, Yates Professional Investigations and Trademark Investigation Services. JB Financial expects the business to contribute about $27 million in revenue over the next financial year. ...

Insurer must refund $330k

EMMA RAPAPORT  |  WEDNESDAY, 21 JUN 2017
... Company, a general insurer whose bundled add-on products included life insurance cover, has been subject to an ASIC investigation involving more than 500 customers. In a release issued by the regulator, Virginia Surety was said to have sold consumer ...

ASIC bans former Westpac adviser

EMMA RAPAPORT  |  THURSDAY, 8 JUN 2017
... former representative of Westpac has been banned from providing financial services for five years following an ASIC investigation. Sudhir Kumar Sinha, a financial planner from Western Australian, was found to have systematically failed to meet his ongoing ...