ASIC announced that has disqualified former director Mr Colin Geoffrey Oxlade, of Adelaide, from managing companies for four years. Mr Oxlade's disqualification follows the appointment of liquidators to two companies he managed: Vanilla Management & Investment Group Pty Ltd (ACN 140 550 787) Africa Uranium Ltd (ACN 123 144 347) ASIC also found that: Mr…
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ASIC announced that has banned Mr Stuart Arnold-Levy from providing financial services for a period of four years and Mr David Heycock from providing financial services for a period of six years following an investigation. Mr Heycock was the director of Corporate Superannuation Pty Ltd (previously Australian Superannuation Pty Ltd and Superannuation in Australia Today…
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ASIC has permanently banned Queensland financial adviser Mr Stewart James Banks, from the Gold Coast, from providing financial services and engaging in credit activity. Mr Banks was employed as a representative of Professional Investment Services (PIS) from 18 April 2007 until 20 May 2015. ASIC found that during the period between September 2012 and April…
Read moreASIC has permanently banned former Allianz financial adviser Kerrie Marie King from providing any financial services and engaging in any credit activities. In April 2016, Ms King was convicted in the County Court of Victoria on five counts of obtaining property by deception, two counts of obtaining financial advantage by deception, and other unrelated charges.…
Read moreASIC has permanently banned Mr Rommel Panganiban, of Bella Vista, New South Wales, from providing financial services after an ASIC surveillance found that he failed to act in his clients' best interests or have a reasonable basis for advice, and that he had prioritised his own interests over that of his clients. Mr Panganiban was…
Read moreASIC has permanently banned former Sydney finance broker, Jennifer Farias of Elderslie, from engaging in credit activities and providing financial services. The bannings follow an ASIC investigation and criminal action against Ms Farias who pleaded guilty in the NSW Local Court in the Downing Centre in Sydney to three charges of loan fraud. ASIC's Deputy…
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