Tag: LILD Project

asic ban
October 09, 2018 BY Valentina Kirilova

ASIC bans Spectrum Wealth financial adviser for three years

Spectrum Wealth 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, the Australian regulator informed earlier today. Through ASIC’s surveillance of life insurance advice, it was found Mr Mehra had failed to: make reasonable…

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asic bans
February 23, 2018 BY Valentina Kirilova

ASIC bans financial adviser for 5 years

The Australian Securities and Investments Commission (ASIC) announced that it has banned Perth-based financial adviser Philip Leake from providing financial services for a period of five years. ASIC found that Mr Leake failed to act in his clients' best interests when providing advice on life insurance. ASIC's surveillance of Mr Leake found that he had…

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