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.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 15 Feb 2019ASIC to undertake harsher penalties against banksBy Eliot Hastie
- 15 Feb 2019Court restrains unlicensed firm from operatingBy Adrian Flores
- 15 Feb 2019ASIC used Dover whistleblowing to shut licensee downBy Adrian Flores
- 15 Feb 2019Minimal time spent on client engagement, survey findsBy Adrian Flores
- 15 Feb 2019Advice regtech aims to ease CPD burden under FASEABy Adrian Flores
- 14 Feb 2019AMP adviser network declined 4.6% in 2018By Adrian Flores
- view all