Royal Commission
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Hon. Bernie Ripoll on the Royal Commission

Consumer Advocate Bernie Ripoll on the Banking Royal Commission.

Hon. Bernie Ripoll on the Royal Commission
Media Release, Bad Financial Advice
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MEDIA RELEASE: Royal commission not the answer ...

The Turnbull government’s Royal Commission is putting the financial services industry under the spotlight, with many people wondering what to do if they have been a victim of bad financial advice. 

MEDIA RELEASE: Royal commission not the answer to recovering lost investments
Media Release, Financial Planning
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MEDIA RELEASE: What To Expect From Your ...

With the Royal Commission into the banking sector confirmed, it’s refreshing to know some financial industry professionals still put their clients’ interests first.

MEDIA RELEASE: What To Expect From Your Financial Planner

Financial Planner Brisbane

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Adviser, Lawrence, O'Neill, banned by ASIC for five years

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Adviser, Lawrence, O'Neill, banned by ASIC for five years

The surveillance relates to the period in which Mr O’Neill was an Authorised Representative of Godfrey Pembroke and Wealthsure Financial Services. ASIC found that he failed to comply with financial services laws and wasn’t adequately trained.

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Perth Adviser Banned for Four Fears

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Perth Adviser Banned for Four Fears

The Australian Securities and Investments Commission (ASIC) has banned Perth-based financial adviser, Lawrence O’Neill, from providing financial services for a period of four years.

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Property investors lose hundreds of thousands of dollars through unregulated real estate advice

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Property investors lose hundreds of thousands of dollars through unregulated real estate advice

“We know that property prices go up and they go down, we know that superannuation should be a diversified portfolio, so across a spread of different assets, and if you're holding a single asset in your retirement fund then you are exposing yourself to significant risk.”

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FORMER AON HEWITT ADVISER SERVED WITH TWO-YEAR BAN

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FORMER AON HEWITT ADVISER SERVED WITH TWO-YEAR BAN

ASIC has banned a former authorised representative of Aon Hewitt Financial Advice from providing financial services for a period of two years.

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Gold Coast director and property developer sentenced to eight years’ imprisonment

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Gold Coast director and property developer sentenced to eight years’ imprisonment

“Owing investors approximately $9 million (17-246MR). Many of the investors were pensioners and were approached by telemarketing or word of mouth. Investors were convinced to borrow against their homes and were told that their money would be used to develop property in Tasmania. Instead, the money paid by investors was used to pay back interest owed to other investors, payments to employees, cash withdrawals and transfers to personal bank accounts.”

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ASIC commences civil penalty proceeding against Westpac for poor financial advice

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ASIC commences civil penalty proceeding against Westpac for poor financial advice

ASIC has commenced proceedings in the Federal Court of Australia against Westpac Banking Corporation in relation to alleged poor financial advice provided by one of its former financial planners, Mr Sudhir Sinha.

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Fees for No Service

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Fees for No Service

The Royal Commission is gaining a lot of momentum due to the misconduct by financial advisors around Australia. Our consumer advocate Bernie Ripoll is here to discuss the Royal Commission and what to do in the case that you were charged “fee’s for no service.” 

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ASIC bans former Suncorp Financial Services financial adviser for four years

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ASIC bans former Suncorp Financial Services financial adviser for four years

ASIC has banned Queensland financial adviser Gerald Grubwinkler from providing financial services for four years. ASIC found that Mr Grubwinkler failed to act in his clients' best interests when providing advice on superannuation and insurance.

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Former financial adviser permanently banned for dishonest conduct

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Former financial adviser permanently banned for dishonest conduct

ASIC has permanently banned Mr Grant Desmond Taylor, of Montmorency, Victoria from providing financial services after finding he engaged in dishonest and deceptive conduct towards his clients. ASIC also found that Mr Taylor was not of good fame or character.

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ASIC bans Queensland financial adviser from financial services industry for 7 years

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ASIC bans Queensland financial adviser from financial services industry for 7 years

ASIC has banned Mr Glenn William Connor from providing any financial services for the next seven years, after it was found that he had not complied with a financial services law.