bad investment

ASIC bans financial adviser for 4 years

ASIC bans financial adviser for 4 years

ASIC has banned financial adviser Mr Graeme Ashley Cowper, of Oatley, NSW, from providing financial services for 4 years after an investigation found he was not adequately trained or competent to provide financial services.


MEDIA RELEASE: Royal commission not the answer to recovering lost investments

MEDIA RELEASE: Royal commission not the answer to recovering lost investments

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. 

Red Flags For Bad Advice

Red Flags For Bad Advice

The introduction of the Best Interest Duty in 2013 as part of the Future of Financial Planning reforms (FoFA) stipulates that financial planners must act in the best interest of their clients.  While the Best Interest Duty has had an overwhelmingly positive effect, there are still a number of financial advisers being reported by ASIC who have not been compliant, and consumers should be aware of what to look out for to avoid these rogue financial advisers.

Enforceable undertaking excludes Queensland financial adviser for five years

Enforceable undertaking excludes Queensland financial adviser for five years

ASIC has accepted an enforceable undertaking (EU) from former Hart Ensole Pty Ltd representative, Dean Hartmann, after it was found that he failed to meet his financial advice obligations when dealing with his clients.

ASIC has banned Daniel Gerard Manley from providing financial services for five years.

ASIC has banned Daniel Gerard Manley from providing financial services for five years.

ASIC has banned Daniel Gerard Manley from providing financial services for five years.

ASIC has banned financial adviser Lawrence Toledo from providing financial services for seven years.

ASIC has banned financial adviser Lawrence Toledo from providing financial services for seven years.

ASIC has banned financial adviser Lawrence Toledo from providing financial services for seven years.

ASIC bans Queensland financial adviser Travis Byron McLean

ASIC bans Queensland financial adviser Travis Byron McLean

The Australian Securities and Investment Commission (ASIC) has banned financial adviser Travis Byron McLean from providing financial services for a period of five years.

The Honourable Bernie Ripoll joins forces with Financial Rescue Australia to help victims of rogue financial advisers recover their losses

Former MP Bernie Ripoll, who chaired parliamentary joint committees on corporations and financial services, has signed on with financial complaints advice service, Financial Rescue.  As a joint force, Mr Ripoll and Financial Rescue aim to help those who have suffered because of bad financial advice recover their losses.

ASIC Permanently Bans Perth Financial Adviser - Mr Robert Hutchison

ASIC Permanently Bans Perth Financial Adviser - Mr Robert Hutchison

ASIC has permanently banned Mr Robert Hutchison, of Lower Chittering in Western Australia, from providing financial services.

ASIC Warns Consumers About Investment Scams

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.