OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
ASIC Permanently Bans Financial Adviser and Disqualifies Company…
ASIC has adopted a practice of issuing combined media releases about administrative action. There is no relationship between the matters or the subjects in this media release, except that ASIC has taken administrative action. ASIC…
Former Financial adviser Pleads Guilty to Dishonestly Obtaining…
Former financial adviser, Mr Trevor William Martin, has pleaded guilty in the District Court of NSW, to three counts of dishonestly obtaining client funds under the NSW Crimes Act. An ASIC investigation found that between 1…
ASIC Takes Court Action Against Advanced Wealth Financial…
ASIC has commenced proceedings in the Supreme Court of Queensland against Richard Gardner, a credit representative and former financial adviser; and Advanced Wealth Financial Services Pty Ltd (Advanced Wealth Financial Services). ASIC alleges that Mr…
ASIC Bans Spectrum Wealth Financial Adviser for Three…
Spectrum Wealth Financial Adviser, Gurumukh Singh Mehra, has been banned from providing financial services for a period of three years, after ASIC surveillance showed he failed to act in his clients’ best interests. Through ASIC’s surveillance…
ASIC Permanently Bans Unlicensed Financial Adviser
Unlicensed financial adviser, Mr Senen Pousa, has been permanently banned from providing financial services or engaging in credit activity. Mr Pousa, the former director of Investment Intelligence Corporation Pty Ltd (IIC) was banned after engaging…
Banks to Improve Fraud Protection Systems Following ASIC…
Following a review by ASIC, five Australian banks will improve their compliance measures and controls for deposit accounts that can be operated by a third party, such as a financial adviser. ASIC’s industry-wide review was…
ASIC bans former Westpac and NAB financial adviser
The Australian Securities and Investments Commission (ASIC) has banned Brisbane based financial adviser Christopher Ramsay from providing financial services for a period of five years for failing to act in the best interests of his…