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Showing 921 - 930 of 1612 results for "Investigation"

Former Sentinel adviser slapped with ban

KERRIE SYDEE  |  THURSDAY, 17 NOV 2016
... providing such advice Beckton: Failed to act in the best interests of his clients by: - Failing to conduct a reasonable investigation of their existing superannuation and insurance products - Giving them advice that may have left them in a worse position ...

Former adviser receives jail sentence

KERRIE SYDEE  |  WEDNESDAY, 16 NOV 2016
... 23 October 1997 and 10 March 2006, where he worked as a financial adviser at Kawana Waters in Queensland. ASIC's investigation found he: Created six applications for margin loans on which he forged eight of his clients' signatures to represent that the ...

ASIC employee faces court

KERRIE SYDEE  |  FRIDAY, 11 NOV 2016
An ASIC employee has faced Sydney's Downing Centre Local Court faced with two charges following an investigation by the Australian Federal Police. Mahmoud Daher was charged with unauthorised access to restricted data contrary to subsection 478.1(1) ...

CommInsure update champions progress

KERRIE SYDEE  |  WEDNESDAY, 9 NOV 2016
In its latest update to the industry CommInsure is assuring good progress has been made on the independent reviews of declined retail advice and group life insurance claims. Citing concerns raised by media coverage in early 2016, the Commonwealth Bank ...

ASIC bans deceptive adviser

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
... 2003, however between 16 July 20212 and 22 May 2014 he was an authorised representative of Protect Ensure. An ASIC investigation found that he: Engaged in false or misleading conduct by making false statements about financial product features that were ...

ASIC bans Brisbane life adviser

KERRIE SYDEE  |  FRIDAY, 4 NOV 2016
... banned a Brisbane based life insurance financial adviser from providing financial services for five years after an investigation found he had failed to comply with several financial services laws. Former authorised representative of Affinia Financial ...

ASIC secures $210m in compensation

ALEX BURKE  |  THURSDAY, 3 NOV 2016
ASIC secured $210.5 million in compensation over FY16, according to its annual report. ASIC noted the figure - substantially higher than the $35.2 million over FY15 - was largely driven by "six matters," which comprised 79% of total dollar compensation. ...

ASIC permanently bans dishonest adviser

KERRIE SYDEE  |  MONDAY, 31 OCT 2016
... banned a New South Wales financial adviser from providing financial services. Ashley Howard was banned after an investigation found he had engaged in dishonest conduct, maintained that trading he was conduction was authorised, provided unlicensed and ...

ASIC confirms systemic failures in advice

KERRIE SYDEE  |  THURSDAY, 27 OCT 2016
The Australian Securities and Investment Commission has confirmed systemic failures at 21 Australian Financial Services Licensees in providing ongoing advice services to clients. Identified in ASIC's 'Financial advice: Fees for no service' report, the ...

Fed Court winds up unregistered investment scheme

KERRIE SYDEE  |  FRIDAY, 21 OCT 2016
... unregistered managed investment schemes, including those that involve land banking, that ASIC will take action." ASIC's investigation into the matter is ongoing.