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

Search Results

Showing 71 - 80 of 127 results for "ASIC for"

Regulator bans adviser for seven years

JAMIE WILLIAMSON  |  FRIDAY, 23 JUN 2017
A former Brisbane-based financial adviser was banned by ASIC for seven years for failures to comply with financial services law, including falsifying insurance applications. The regulator found Robert Gunner contravened financial services law between ...

Former Garvan adviser banned for $2.4m theft

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2017
A jailed former authorised representative of Garvan Financial Planning was permanently banned by ASIC for misappropriating client funds. Patrick Simon Mitchell was banned by the regulator, having been sentenced to eight years in prison after pleading ...

ASIC cancels AFSL, bans former executives and fund managers

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
The AFSL of an international foreign exchange brokerage service provider was cancelled by ASIC for non-compliance. The Australian arm of Gallop International was found to have repeatedly failed to comply with the conditions of its licence and its obligations ...

Two Victorian advisers cop bans

KARREN VERGARA  |  TUESDAY, 16 MAY 2017
Two former AMP Group-aligned financial advisers copped temporary bans from ASIC for operating without an AFSL and providing inappropriate advice. ASIC's investigation found MySuperMan director David Heycock and employee Stuart Arnold-Levy provided unlicensed ...

ASIC cancels suspended AFSL

EMMA RAPAPORT  |  THURSDAY, 6 APR 2017
... ending 30 June 2014, and 30 June 2015. Rural & General Insurance Broking's (RGIB ) AFS licence was initially suspended by ASIC for six months in October 2016, for its failure to meet its obligations to lodge these annual financial statements and auditor's ...

Super skimming adviser permanently banned

JAMIE WILLIAMSON  |  MONDAY, 19 DEC 2016
A Gold Coast adviser was permanently banned by ASIC for acting dishonestly and engaging in misleading and deceptive conduct. Stewart Banks was a representative of Professional Investment Services (PIS) - a wholly-owned subsidiary of Centrepoint Alliance ...

ASIC falls on fund disclosure sword

DARREN SNYDER  |  WEDNESDAY, 30 NOV 2016
... properly assessed," she said. Association of Superannuation Funds of Australia chief executive Dr Martin Fahy applauded ASIC for adopting a reasonable approach to compliance timelines, given the implementation issues the industry is facing. "This is ...

Advisers to foot $24m bill

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
The financial advice industry will pay more than $20 million in levies to ASIC under the proposed industry model to fund the regulator. The figure was released in ASIC's consultation paper on the proposed industry funding model. ASIC forecasts its effort ...

ASIC permanently bans dishonest adviser

KERRIE SYDEE  |  MONDAY, 10 OCT 2016
... Director and former financial adviser at Directions Wealth Management, Andrew Williams, has been permanently banned by ASIC for dishonestly providing financial services. Williams was authorised to provide financial advice as a representative of Financial ...

Findex hit with penalties

KERRIE SYDEE  |  MONDAY, 10 OCT 2016
... Financial Index Australia (FIA) have each paid $10,800 in penalties following the issuing of infringement notices by ASIC for potentially misleading claims on the Findex website. Between August and December 2015, FIA published posts on the Findex website ...