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Search ResultsShowing 1 - 10 of 100+ results for "Ban"
Hobart adviser cops ban
ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
ASIC has banned a Hobart-based financial adviser from providing financial services for five years after he encouraged clients to inappropriately double gear their investments. Meritum Financial Group authorised representative David Horton has been banned ...
ASIC appeal upheld
ALLY SELBY  |  MONDAY, 20 JUL 2020
... watchdog has been upheld after the Federal Court set aside a decision made by the Administrative Appeals Tribunal to not ban a Western Australian-based financial adviser. Robert Hutchison was permanently banned from providing financial services in June ...
Forex Capital to face Federal Court
ALLY SELBY  |  FRIDAY, 17 JUL 2020
... of $2.1 million, while Yoshai could face fines of $420,000. The regulator also alleges that Forex Capital "contravened a ban on conflicted remuneration under the Corporations Act by paying account manager bonuses primarily based on client 'net deposits' ...
AFCA sees 14% rise in complaints
ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... government support, such as JobKeeper payments are wound back, along with the end of financial firm initiatives such as a ban on rental evictions, and mortgage pausing," Locke said. "If you think you will experience financial hardship soon, or believe ...
Calls to investigate treatment of AMP advisers
ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
... O'Neill also took issue with the fact that AMP cut grandfathered commissions in January 2020, 12 months ahead of the legislated ban on grandfathered commissions. "Furthermore, AMPFP has issued notices of termination to an estimated 250 planners that ...
ASIC sues CBA, CFS over RC case
HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
... fund as a result of the distribution agreement, which ASIC believes amounts to a contravention of the Corporations Act's ban on conflicted remuneration. ASIC said the arrangements could reasonably be expected to influence the choice of financial ...
Short consultation window for stamping fee exemption
HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
The consultation window for the exposure draft set to extend the ban on conflicted remuneration to listed investment companies and trusts is open, for a short period of time. Stakeholders have been given just one week to respond to the government's ...
Keybridge takes WAM to court
ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... that the prospective purchaser is not associated with WAM Active or its associates." In addition, Bolton asked the court ban WAM and its associates from using its voting power to control the proposed ASIC sale of the shares, saying: "An order that none ...
Adviser banned for five years
ELIZA BAVIN  |  TUESDAY, 26 MAY 2020
... banned after ASIC found he provided poor SMSF advice and based insurance advice on the commission he'd receive. The five-year ban follows ASIC surveillance of advice provided by NSW-based Sean Lewis while he was an authorised representative of Spectrum ...
FASEA extension en route
HARRISON WORLEY  |  FRIDAY, 22 MAY 2020
The government's move to extend the ban on conflicted remuneration to listed investment companies and trusts is expected to provide financial advisers with some much needed certainty. Following Treasury consultation, the government made the decision ...
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