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ASIC roundup: Insurers on notice for complaints handling failures, adviser banned

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The Australian Securities & Investments Commission’s latest actions and news, December 2 – 6, 2024.

Adviser banned for seven years – December 6, 2024

Former financial adviser Bruce Stuart Davis has been banned for seven years from providing, controlling or performing any services within financial services business, after multiple fitness and propriety failings.

Davis was the sole director, responsible manager, and financial adviser of Wise Investment Advisers Pty

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