Termination

FCA decides to ban Tom Hayes

Reason: FraudulentContent of Penalty: The Financial Conduct Authority (FCA) has decided to prohibit Tom Hayes from performing any function in relation to any regulated activity in the financial services industry. The FCA considers that Mr Hayes is not a fit and proper person as a result of his conviction for conspiracy to defraud in relation to the manipulation of Yen ...

Read More »

ASIC permanently bans Victorian mortgage broke

Reason: MisconductContent of Penalty: ASIC has permanently banned Victorian director Ermelia Suzanne Snoeks from engaging in credit activities and from providing financial services. This followed an ASIC investigation that found Ms Snoeks: failed to disclose a past criminal conviction in an application for an Australian credit licence by NBG Financial Pty Ltd (NBG), a company for which Ms Snoeks is ...

Read More »

ASIC permanently bans convicted car yard loan-writer

Reason: Document fraud.Comment: ASIC found that five of the loans submitted by Mr Wilson and approved by Esanda, a division of ANZ, contained false information relating to income verification and employment status. In banning Mr Wilson, ASIC also took into consideration Mr Wilson’s adverse criminal record, which included convictions for theft and possessing counterfeit money.Date: 13/10/2017Amount: –Link: http://asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-347mr-asic-permanently-bans-convicted-car-yard-loan-writer/

Read More »

Former Victorian financial adviser banned for forgery

Reason: Koresh Daniel Houghton banned for providing financial services because he had engaged in misleading, deceptive and dishonest conduct and failed to act in his clients’ best interests when providing advice.Content of Penalty: ASIC's surveillance of Mr Houghton found that he: -had created false documents by cutting and pasting customer signatures onto a letter nominating Mr Houghton as their adviser; ...

Read More »

ASIC has permanently banned John Dimitropoulos

Reason: Mr Dimitropoulos engaged in a range of contraventions under financial services and credit lawsContent of Penalty: ASIC found that he: made false statements to ASIC in Sunpac Finance’s annual compliance certificates about Sunpac Finance’s compliance processes and procedures; was involved in Sunpac Finance and Heritage Financial Solutions’  breaches of their general conduct obligations as credit licensees; was involved in Heritage ...

Read More »

Pulp International Business Ltd trading license terminated/Withdrawal by the Cyprus Securities and Exchange Commission

Reason: pursuant to sections 25(1)(b) and 26(4)(b) of the Investment Services and Activities and Regulated Markets Law of 2007Date: 06/04/2015Link: http://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=cc839abd-4355-4c1b-949e-e051aa016db0

Read More »

P.M. Investment Capital Limited trading license Terminated/Withdrawal by the Cyprus Securities and Exchange Commission

Reason: pursuant to section 25(1), subparagraphs (b) and (c), of the Investment Services and Activities and Regulated Markets Law of 2007Date: 10/07/2015Link: http://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=b97508b2-b43d-41ac-b708-1c6780492da1

Read More »