7 Articles
7 Articles
ASIC hands down adviser ban for ‘fees for no service’ conduct
The Australian Securities and Investments Commission (ASIC) has delivered a 10-year ban on a Queensland-based financial adviser after she failed to report ‘fees for no service’ (FFNS) conduct. Kiriley Roper was a director, shareholder and financial adviser at Lighthouse Partners, a corporate authorised representative of Australian financial services (AFS) licensee Crown Wealth Group, who was aware of FFNS conduct occurring with 14 clients betwee…
ASIC Issues Super Scam Alert as $4 Trillion Investment System Targeted
Australia's financial watchdog has issued urgent warnings about two separate but related threats targeting the country's $4 trillion superannuation system, as scammers exploit both high-pressure sales tactics and fake government websites to steal retirement savings.ASIC Issues Super Scam Alert as $4 Trillion System TargetedThe Australian Securities and Investments Commission (ASIC) told consumers to be "on red alert" for aggressive cold-calling …
SMSF Association backs ASIC’s alert on pushy super switch schemes - SMSF Association
SMSF Association Media Release The SMSF Association strongly endorses ASIC’s Consumer Alert warning Australians about the perils of “pushy sales tactics” urging them to switch their superannuation into risky investments. […] The post SMSF Association backs ASIC’s alert on pushy super switch schemes appeared first on SMSF Association.
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