ASIC has banned a Victorian-based financial adviser from providing financial services.
Allan Burt Vissenjoux, who is an undischarged bankrupt, has been banned from providing financial services until 29 May 2016, according to a statement released from ASIC today.
ASIC stated that the ban expires when Mr Vissenjoux’s bankruptcy ends.
Mr Vissenjoux was most recently an authorised representative of Total Financial Solutions Australia Ltd until 30 October 2013, according to ASIC.
ASIC said Mr Vissenjoux has the right to lodge an appeal with the Administrative Appeals Tribunal for a review of the corporate regulator’s decision to ban him.
ASIC notes that under section 920(A) of the Corporations Act 2001, it can ban bankrupt individuals from providing financial services.
A licensee has been sentenced after it failed to lodge financial reports for three straight years. The Australian ...
Op-ed Jones’ contradictory actions, from his unpolished media demeanour to his cautionary warnings to advisers, raise ...
On the first day of its 2024 roadshow series, the FAAA released its draft policy platform for member consultation
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin