Page 2 - Terry Mcmaster News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 erroneous belief could have caused consumers very great loss. While the evidence shows that, in the period ...

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 conduct and little if any contrition for the wrongdoing”. Danielle Press, Australian Securities a...