ASIC has banned a Queensland-based authorised representative of non-aligned dealer group Ballast Financial Management for a period of six months.
The corporate regulator has announced that Kelvin William Roy Fair has been banned until November 2014 for becoming an undischarged bankrupt, in breach of the Corporations Act.
“Mr Fair falsely represented to his Australian financial services (AFS) licensee that he was not a bankrupt, and in so doing deprived the AFS licensee of the opportunity to disclose his bankruptcy to the AFS licensee’s insurer,” said the statement from ASIC.
“Mr Fair also failed to comply with his obligations as a bankrupt.”
SUBSCRIBE TO THE IFA DAILY BULLETIN
24 Nov 2017Increased ASIC licensing fees revealedBy Tim Stewart
24 Nov 2017FPA announces 2017 award winnersBy Staff Reporter
23 Nov 2017Fintech progress can't be fought: FPABy Killian Plastow
24 Nov 2017‘Winter is coming’ for PI insurance marketBy Aleks Vickovich
23 Nov 2017NowInfinity appoints new national sales directorBy Staff Reporter
23 Nov 2017Centrepoint creates new 'high performer' networkBy Jessica Yun
- view all