ASIC anounced that has permanently banned Mr Robert Hutchison, of Lower Chittering in Western Australia, from providing financial services. Mr Hutchison is a director of WAWM Investment Holdings Pty Limited and was an authorised representative of RI Advice Group Pty Ltd (RI Advice) between 14 May 2007 and 30 November 2012. RI Advice is an…
Read more
ASIC announced earlier today that has permanently banned Mr Shun Yuen Ken Li (also known as Leo Lee) from providing financial services. Mr Li was banned after pleading guilty and being convicted of two counts of dishonestly using his position as an employee of GAIN Capital Australia Pty Ltd with the intention of gaining an…
Read more
ASIC announced that has banned Christopher Robert Con Foo (also known as Christopher Robert Confoo) from engaging in credit activities and providing financial services for a period of seven years. Mr Con Foo, a former finance business manager, arranged car finance and insurance for customers buying vehicles from South Yarra BMW, a car dealership operated…
Read more
ASIC has banned Dr Bingxing Hu (Dr Hu), of Melbourne, Victoria, from providing financial services for five years. Dr Hu was a director of AFS Capital Securities Limited ACN 143 006 151 (AFS Capital) from 8 April 2010 until 18 April 2017. AFS Capital's primary business is to assist companies to list on the Australian…
Read more
Michael Ian Davey, of Slacks Creek, Queensland, has been banned by ASIC from managing corporations for two and a half years. Mr Davey's banning follows the appointment of liquidators to two companies he managed, Refractory Construction Pty Ltd (formerly known as Total Refractory Management Pty Ltd) and A4dable Geeks Pty Ltd. As a result of…
Read more
ASIC has permanently banned Andrew Peter Panayiotides from providing financial services. ASIC found that Mr Panayiotides failed to act in the best interests of clients and provided advice to clients of Morgan Stanley Wealth Management in relation to exchange traded options (ETOs) that was inappropriate when considering the financial circumstances and objectives of the clients…
Read more
Mr Yingjie Wang (also known as Jay Wang), a lawyer and accountant from Sydney, NSW, has been permanently banned from providing financial services. Since June 2011, Mr Wang has been involved in the management of at least 14 companies who hold, or held, an Australian Financial Services (AFS) licence. These companies include: LSG Group Pty…
Read more
ASIC has banned financial adviser, Mr Darren Tindall, of Orange, NSW, from providing financial services for five years after an investigation found he failed to comply with financial services laws. Mr Tindall was an authorised representative of Roan Financial Group Pty Ltd between 9 May 2013 and 19 May 2014, and was based in Orange,…
Read more
ASIC has banned Ms Keira Jane Keegan, a financial adviser and former representative of Protect Ensure Pty Ltd, from providing financial services for a period of three years. The banning results from an investigation into Ms Keegan's conduct in recommending self-managed superannuation fund clients invest in financial products issued by Protect Ensure. Ms Keegan worked…
Read more
ASIC has banned Mr Andrew TambyRajah, a former employee of ANZ Financial Planning, from providing financial services for a period of five years. Mr TambyRajah, of Sydney, New South Wales was a financial planner with ANZ Financial Planning at Hurstville between 19 January 2006 and 30 July 2014. Mr TambyRajah was banned from providing financial…
Read more