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  • ASIC Bans Life Insurance Adviser

    9 July 2015
    ASIC deputy chairman Peter Kell Peter Kell says advisers who do not comply with ASIC's standards will be removed from the industry.

    ASIC has banned a life insurance adviser and former authorised representative from providing financial services for four years. ASIC confirmed that Brian Farber, a former rep of Risk Advice Specialists Pty Ltd received the ban for failing to be adequately trained or competent to provide a financial service. The former life insurance adviser also failed … Continue reading ASIC Bans Life Insurance Adviser

  • ASIC bans Queensland Financial Adviser

    30 June 2015

    ASIC has issued a permanent banning to Brisbane financial adviser Lee Robert Robin. ASIC has continued with its zero tolerance policy towards deceptive behaviour in the finance sector by banning Robin from providing any financial services. Robin failed to comply with financial conduct and was found to have engaged in misleading activities whilst issuing unsecured fixed … Continue reading ASIC bans Queensland Financial Adviser

  • ASIC Bans Director For Non-Existent Fund

    10 June 2015

    ASIC has banned Activate Capital Managers sole director Paul Duncan after he was found promoting a non-existent fund. ASIC banned the Queensland director four years from providing financial services for engaging in misleading and deceptive conduct. Following an ASIC investigation, Duncan’s impropriety related to false or misleading representations that appeared on the website of Active Capital Managers Pty Ltd (ACM) from August 2013 in relation to … Continue reading ASIC Bans Director For Non-Existent Fund