Terry Mcmaster News Today

Five years after the Hayne inquiry, it’s easy to forget the scale of the misconduct. The fees-for-no-service scandal alone cost the sector $4.4 billion.

The Cairns Post

When Credibility Matters

QCOMM averages about 20 calls per hour, so the 160 calls were eight times their normal call load.

The corporate regulator has published a summary of its enforcement action to date relating to the Hayne royal commission, in lieu of the impending finale to the work carried out to address its findings. 

The corporate regulator handed down a six-year ban from providing financial services to a Melbourne-based financial adviser for failing to provide appropriate advice.

Inside the Dover judgement Inside the Dover judgement Terry McMaster and Dover Financial have been hit with hefty fines despite the Federal Court failing to find an instance in which their actions harmed consumers. A A “In my view, the Client Protection Policy had real potential to mislead consumers into believing that they had no legal recourse against Dover in respect of financial advice given to them when that was not the case,” Justice O’Bryan said in his judgement. “Such an erroneo...

Dover Financial Advisers and Terry McMaster have been hit with hefty penalties in the case brought against them by ASIC. Justice O’Bryan of the Federal Court of Australia, Victorian registry, ord

“The contravention arose out of the conduct of the most senior management within Dover, being Mr McMaster.” While not satisfied that McMaster was consciously aware the client protection policy contained a false or misleading statement, Justice O’Bryan observed that he had been aware of all the relevant facts making it so and that “McMaster’s behaviour following the institution of these proceedings indicates that he has only a limited appreciation of the seriousness of the contravening...