ASIC bans bankrupt financial adviser
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.
AUTHOR
Recommended for you
The FAAA has called on Minister Stephen Jones to address the escalating costs of CSLR as Dixon Advisory complaints to AFCA approach 2,500 following an extension of its AFCA membership.
A new advice licensee set up by former WT Financial advisers has helped financial adviser numbers return above the 15,600 mark this week.
Two separate studies have discovered the majority of advised clients prefer to pay a flat fee for financial advice, while unearthing how much they are willing to pay for the service.
Financial services software Iress and digital community platform Ensombl have partnered up to strengthen the technology skills of financial advisers and paraplanners through a new initiative.
