FPA announces CRC chair
The Financial Planning Association of Australia (FPA) has appointed Dr June Smith as Chair of its Conduct Review Commission (CRC), the body which monitors the conduct of FPA members.
Smith has previously served in a similar capacity as the Chief Executive Officer of the Code Compliance Monitoring Committee and General Manager of Code Compliance and Monitoring at the Financial Ombudsman Service.
"I feel privileged to be able to lead the Commission in this next phase, to position it as an expert and independent voice that shares insight and experience about what it means to be a member of the FPA and the conduct that is expected of its members," she said.
FPA chief executive, Mark Rantall added: "The FPA looks forward to working with Dr Smith to continue to uphold the standards of its members. FPA members are bound by the FPA's Code of Conduct and any member found to breach this code would come under review by the CRC."
Smith replaces Professor Dimity Kingsford Smith, who has been in the role since 2007.
Recommended for you
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.
Two investment advisory research houses have announced a merger to form a combined entity under the name Delta Portfolios.
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.

