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ASIC roundup: A$12m penalty for misleading representations, fee disclosure failures

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GRIP Montage: ASIC/Getty Images

Martina Lindberg

4 min read
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The Australian Securities & Investments Commission’s latest actions and news, November 20 – 24, 2023.

Permanent ban on former insurance broker – November 24, 2023

Renato De Maria, the sole director of Melbourne-based Alliance Management Group Pty Ltd (formerly Alliance Insurance Broking Services Pty Ltd), has been permanently banned from providing any financial service or from controlling an entity within the financial business.

The company’s Financial Services (AFS)

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