ASIC bans former LFG Services representative
The Australian Securities and Investments Commission (ASIC) has permanently banned a Queensland man from providing financial services.
Neil Francis Dodd of Townsville, Queensland, was employed as an authorised representative of LFG Services Pty Ltd (LFG Services). His authority was revoked on October 25, 2007, for failing to comply with the provisions of LFG Services’ Australian Financial Services Licence, according to ASIC.
LFG Services referred the matter to ASIC.
Dodd has the right to lodge an application with the Administrative Appeals Tribunal for a review of ASIC’s decision.
Recommended for you
Multiple industry organisations have shared their thoughts on AFCA’s proposed rules amendment, supporting the idea of firms being named publicly when they fail to comply with determinations.
Channel Capital has appointed a head of investment oversight who joins from 14 years at asset consulting firm JANA Investment Advisers.
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
