ASIC bans bankrupt financial adviser

financial adviser financial planning ASIC administrative appeals tribunal corporations act australian securities and investments commission

31 March 2014
| By Melina Gouveia |
image
image
expand image

Australian Securities and Investments Commission (ASIC) has banned Victorian-based financial adviser Allan Burt Vissenjoux from providing financial services.

Vissenjoux, who is an undischarged bankrupt, has been banned under section 920(A) of the Corporations Act 2001 from providing financial services until 29 May 2016.

He was most recently an authorised representative of Total Financial Solutions Australia until 30 October 2013.

The ban expires when Vissenjoux's bankruptcy ends, according to ASIC.

Vissenjoux has the right to lodge an appeal with the Administrative Appeals Tribunal for a review of ASIC's decision to ban him.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

11 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 16 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 14 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 17 hours ago