A Sydney man has been permanently banned from financial services and from managing a company for 18 months for providing investment advice without a licence.
Baulkham Hills resident Dimitri Amargianitakis has been banned and entered into an enforced undertaking (EU) with ASIC after an investigation found he had operated a financial services business without an AFSL – including making “investment recommendations to investors” – as part of his role as a director of Vista Capital.
Mr Amargianitakis was also found to have “signed statements in circumstances where he knew that they were not accurate”.
Under the terms of the EU, he will now undertake and pass an Australian Institute of Company Directors course before being re-appointed as a director of a company.
SUBSCRIBE TO THE IFA DAILY BULLETIN
23 Feb 2018IRESS results at ‘higher end’ of expected rangeBy Staff Reporter
23 Feb 2018Perth-based adviser cops five year banBy Staff Reporter
23 Feb 2018CBA contests new AUSTRAC claimsBy Staff Reporter
23 Feb 2018Global managers added to OneVue platformBy Staff Reporter
23 Feb 2018BT adds new insurers to APLBy Staff Reporter
23 Feb 2018Fintech a risk to specialist advisersBy Killian Plastow
- view all