Tag: Morgans Financial Limited

Regulation
March 22, 2019 BY Valentina Kirilova

ASIC removes Morgans Financial Ltd's additional license conditions

The Australian regulator ASIC informed that it has removed additional license conditions imposed on Morgans Financial Limited back in 2016. In November 2016, ASIC and Morgans Financial Limited agreed for an independent compliance consultant to monitor, evaluate and report on Morgan’s implementation of recommendations arising from an independent review of its compliance measures. The conditions…

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May 03, 2018 BY Valentina Kirilova

ASIC permanently bans former authorised representative from providing financial services

ASIC announced that it has permanently banned Queensland financial adviser Mr Michael Gordon Taylor from providing financial services. Mr Taylor was an authorised representative of Morgans Financial Limited from 10 March 2004 until 21 September 2015. Between 2007 and 2015, Mr Taylor borrowed approximately $1.2 million from 16 clients. Borrowing from clients involved a conflict…

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November 24, 2016 BY Valentina Kirilova

ASIC updates licence conditions on Morgans Financial Limited

ASIC and Morgans Financial Limited have agreed for an independent compliance consultant to monitor, evaluate and report on Morgan’s implementation of recommendations arising from an independent review of its compliance measures. The consultant completed its review of Morgans’ compliance measures in March 2016, in accordance with initial licence conditions imposed on 30 November 2015. In…

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