ASIC Banned

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

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.”

Former financial adviser in court on dishonesty charges of $1.865 million

Former financial adviser in court on dishonesty charges of $1.865 million

Graeme Walter Miller, former director of Australian financial services licensee CFS Private Wealth Pty Ltd and also CFS Corporation Pty Ltd (CFS), has been charged with dishonesty offences totalling $1.865 million.

FORMER AON HEWITT ADVISER SERVED WITH TWO-YEAR BAN

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.

Royal Commission case study sparks Asic court action

Royal Commission case study sparks Asic court action

The Australian Securities and Investments Commission (Asic) has started Federal Court action against New South Wales-based RI Advice Group and former financial adviser John Doyle.

ASIC bans Queensland financial adviser

ASIC bans Queensland financial adviser

The Australian Securities and Investments Commission on Thursday said that Ian Victor Haisman of Beenleigh had been providing templated advice not tailored to his clients' individual circumstances, needs and financial goals.

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

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 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.


ASIC commences civil penalty proceeding against Westpac for poor financial advice

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.

ASIC permanently bans former NAB financial adviser

ASIC permanently bans former NAB financial adviser

ASIC has permanently banned Mr Max Kiattisak Eung (also known as Kiattisak Eungpongpan), of Tempe, New South Wales from providing financial services and engaging in credit activities.

ASIC permanently bans former Perth insurance broker

ASIC permanently bans former Perth insurance broker

ASIC has permanently banned Perth insurance broker, Mr Antonino Gucciardi, from the financial services industry for misleading, deceptive and dishonest conduct.