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Showing 81 - 90 of 138 results for "ASIC bans"

ASIC bans convicted fraud "mastermind"

ALEX BURKE  |  FRIDAY, 22 MAY 2015
ASIC has banned the Australian "mastermind" of the UK's biggest ever boiler room scheme from practising financial services. From 2003 to 2007, Jeffrey Revell-Reade made A£70 million selling equities in non-existent companies via brokers in Madrid to ...

ASIC bans convicted broker

MARK SMITH  |  WEDNESDAY, 20 MAY 2015
ASIC has banned a mortgage broker from engaging in credit activities and from providing financial services for 10 years following her conviction for loan fraud. In September 2014 and following an ASIC investigation, Shashi Kanta Prasad, also known as ...

ASIC bans incompetent adviser

MARK SMITH  |  THURSDAY, 30 APR 2015
ASIC has banned a Sydney-based adviser for three years for failing to keep records. The regulator said Lionsgate Financial Group adviser Atish Prasa, from Westmead, was not adequately trained or competent to provide a financial service. He also broke ...

ASIC bans Commonwealth Financial Planning employee

DARREN SNYDER  |  WEDNESDAY, 1 APR 2015
ASIC has banned Commonwealth Financial Planning employee Rebecca Locksley from providing financial services for 18 months, after finding she created false documents for client files. Locksley of Merewether, New South Wales, was the servicing planner ...

ASIC bans former Patersons adviser for life

ALEX BURKE  |  FRIDAY, 13 MAR 2015
The Australian Securities and Investments Commission (ASIC) has permanently banned a former Patersons Securities retail operations manager and financial adviser from practicing financial services. Based on a voluntary report submitted by Patersons Securities ...

ASIC bans Charterhill director from financial services

ALEX BURKE  |  WEDNESDAY, 11 MAR 2015
Charterhill Group founder and director George Nowak has been banned by ASIC from practicing financial services until 3 July 2017. The grounds for the ban are that Nowak is an undischarged bankrupt, having applied for personal bankruptcy in July 2014. ...

ASIC bans former Westpac problem gambler

ALEX GAMBOTTO-BURKE  |  FRIDAY, 27 FEB 2015
ASIC has permanently banned a former Westpac home finance manager from practicing financial services. Ravinesh Singh was convicted of fraud after working at Westpac's Market Street branch in 2011 and 2012, where he withdrew over $113,000 using eight ...

ASIC bans person who made false Facebook investment claims

JAMES FERNYHOUGH  |  THURSDAY, 25 SEP 2014
A person from a Sydney-based investment business has been banned from providing financial services after he persuaded investors to invest money with him on the false grounds that he had access to an exclusive deal involving the Facebook initial public ...

ASIC bans former Synchron adviser

STAFF WRITER  |  TUESDAY, 23 SEP 2014
The Australian Securities and Investments Commission (ASIC) has banned a former Synchron financial adviser from providing financial services for five years for failing to provide Statements of Advice (SOAs). Michael Richard Irwin, a Rockhampton-based ...

ASIC bans former PIS and AMP advisers

LAURA MILLAN  |  MONDAY, 23 JUN 2014
Former Professional Investment Services (PIS) and AMP Financial Planning advisers have been banned from financial services. The Australian Securities and Investments Commission (ASIC) took action against AMP Financial Planning adviser Roy Whye Wah Moo ...