Adviser banned for role in Firepower
The Australian Securities and Investments Commission (ASIC) has banned Quentin Ward, of Nedlands in Western Australia, from providing financial services for eight years.
Ward was banned for his role in the sale of shares in Firepower Holdings and Firepower Holdings Group. He was the sole director of Axis International Management from November 2001 and was an authorised representative of Sagecorp Securities between December 11, 2003, and December 15, 2006.
ASIC is continuing with civil proceedings in the Federal Court of Australia in relation to Firepower, including actions against Ward and Axis International.
Ward has the right to appeal the decision.
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