Financial Rescue News
We aim to inform every day Australians of financial industry issues that are occurring around the country. We hope that by providing information, people can either avoid these scams, or can be compensated for their losses. If you have experienced financial losses due to bad financial advice, or any of the situations that are in our news articles below, we are here to help.
ASIC bans Millennium 3/Total Financial Solutions financial adviser Travis McLean
The Australian Securities and Investment Commission (ASIC) has banned financial adviser Travis Byron McLean from providing financial services for a period of five years.
The Honourable Bernie Ripoll joins forces with Financial Rescue Australia to help victims of rogue financial advisers recover their losses
Former MP Bernie Ripoll, who chaired parliamentary joint committees on corporations and financial services, has signed on with financial complaints advice service, Financial Rescue. As a joint force, Mr Ripoll and Financial Rescue aim to help those who have suffered because of bad financial advice recover their losses.
ASIC permanently bans Gold Coast financial adviser Mr Satvir Singh Birk
ASIC has permanently banned Gold Coast based financial adviser Mr Satvir Singh Birk from providing financial services.
Jason Atkins, Magnitude Group Advisor - Banned
The Australian Securities and Investment Commission (ASIC) has banned Perth financial adviser Jason Atkins from providing financial services for a period of three years.
ASIC bans former Guardian financial adviser
The corporate regulator has announced it banned former Guardian adviser Robert Gunner for creating false insurance application forms and statements of advice.
ASIC Warns Consumers About Investment Scams
ASIC Deputy Chairman Peter Kell said, 'The Targeting Scams report published today by the Australian Competition and Consumer Commission (ACCC) shows reports to Scamwatch on investment scams increased in 2016. ASIC is alerting the public to ways to stay informed and protect themselves from scams.
New professional standards board welcomed
The new Financial Adviser Standards and Ethics Authority has today named its board of directors, in a move welcomed by the SMSF Association.
