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.
Ex-Westpac, Commonwealth FP adviser, Peter XU, banned
Perth Adviser Banned for Four Fears
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.”
ASIC commences civil penalty proceeding against Westpac for poor financial advice
ASIC permanently bans former NAB financial adviser
MEDIA RELEASE: What To Expect From Your Financial Planner
ASIC has banned financial adviser Lawrence Toledo from providing financial services for seven years.
ASIC permanently bans Gold Coast financial adviser Mr Satvir Singh Birk
ASIC Warns Consumers About Investment Scams
ASIC Deputy Chairman Peter Kell said, 'The Targeting Scams report published today by the Australian Competition and Consumer Commission (ACCC) shows reports to Scamwatch on investment scams increased in 2016. ASIC is alerting the public to ways to stay informed and protect themselves from scams.