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Showing 81 - 90 of 896 results for "Banned"

Former adviser charged with dishonest conduct

KARREN VERGARA  |  TUESDAY, 19 NOV 2024
... investigating him for allegedly providing false or misleading information to ASIC during an examination. In 2023, ASIC permanently banned Ridgway from having any involvement in financial services. ASIC determined a permanent ban was necessary due to ...

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... to have caused 65 prohibited principal trades valued at about $12.5 billion (US$8.2bn). Principal trades are generally banned to avoid undisclosed conflicts of interest, the SEC explained. In order to conduct the trades, the SEC found that a JPMIM portfolio ...

Queensland-based financial firm loses AFSL

MATTHEW WAI  |  FRIDAY, 25 OCT 2024
... also in liquidation and was ordered to be wound up earlier this month. The sole director of the firm Joel Hewish was also banned from working in the industry for 10 years. ASIC explained at the time UGC had advised prospective clients to establish self-managed ...

Regal indicted for alleged short-selling breach

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... a fine of more than three times and up to five times the avoided loss amount," the FSC said. In November 2023, the FSC banned short selling in domestic stock markets up until the end of June due to its concerns about naked short-selling activities taking ...

ASIC bans adviser who misled TPB

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2024
ASIC banned a financial adviser who was found to have lied to the Tax Practitioners Board (TPB) to remain registered and provided advice to clients despite being unable to manage his own tax affairs. John Hazell, formerly managing director of Richmond ...

Charges dropped against Macquarie adviser

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... false or misleading statements and six counts of providing a statement. Five counts related to fraud. ASIC permanently banned Acworth from working in financial services in 2020 after finding he engaged in "misleading conduct relating to a financial product" ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
The Federal Court ordered the wind up of Global Capital Property Fund (GCPF) shortly after director Joel Hewish was banned from working in the industry for 10 years. The hearing on October 3 appointed FTI Consulting as liquidators to GCPF after ASIC ...

Court rejects Linchpin director appeal

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... fine. Justice Jackman yesterday upheld the judgment delivered in January, which imposed a $150,000 penalty on Daly and banned him from managing corporations for five years for breaching directorship obligations. Justice Jackman affirmed rulings heard ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
... to genetic testing by stopping the use of adverse predictive test results in life insurance." Other nations have already banned the use of genetic test results in underwriting, including Canada in 2017. Responding to the news, Council of Australian Life ...

Melbourne adviser sentenced to 18 months' prison

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
... his client that ASIC had sought the winding up of entities related to him, including Ostrava Equities, and that he was banned from providing financial services by order of the Federal Court. In sentencing Justice O'Connell remarked that Grimm was "well ...