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Oyekanmi: Baobab Nigeria Set for Expansion, New Growth Opportunities – THISDAYLIVE

Oyekanmi: Baobab Nigeria Set for Expansion, New Growth Opportunities – THISDAYLIVE
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

Abuja Federal Capital Territory , Eric Ntumba , Kayode Tokede , Christina Reifschneider , Rotimi Oyekanmi , Baobab Group , Board Chairman , Baobab Nigeria , Chief Executive Officer , Gross Loan Portfolio , Client Protection Policy , Savings App ,

Baobab Nigeria reveals ambitious growth plan, eyes new cities – The Sun Nigeria

Baobab Nigeria reveals ambitious growth plan, eyes new cities – The Sun Nigeria
sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.

Abuja Federal Capital Territory , Eric Ntumba , Christina Reifschneider , Rotimi Oyekanmi , Baobab Group , Baobab Nigeria , Gross Loan Portfolio , Client Protection Policy , Savings App ,

Inside the Dover judgement


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.
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“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 before the conduct was stopped by the intervention of ASIC, it was unlikely that consumers had suffered loss, the seriousness of the contravention must also be assessed by the loss that the conduct had the potential to occasion.” ....

Terry Mcmaster , Justice Obryan , Lachlan Maddock , Court Justice Michael Obryan , Enforcement Group , Dover Financial Advisers , Client Protection Policy , Federal Court Justice Michaelo Bryan , Justiceo Bryan , டெர்ரி மக்மாஸ்டர் , நீதி ஓப்ரியான் , ல்யாக்லந் ம்யாடொக் , நீதிமன்றம் நீதி மைக்கேல் ஓப்ரியான் , அமலாக்கம் குழு , வாடிக்கையாளர் ப்ரொடெக்ஶந் பாலிஸீ ,

Court orders Dover advisers to split $1.2M penalty bill


The federal court has dished out a $1.2 million penalty to Dover Financial Advisers as part of the fallout from its 2019 judgement that the stricken licensee engaged in “false, misleading or deceptive conduct” when it provided almost 20,000 ‘client protection’ policies.
As part of the ruling the firm’s former sole director, Terence McMaster, has also been ordered to pay $240,000 for being “knowingly concerned” in Dover’s conduct.
Dover had its AFSL cancelled by ASIC in September 2018 after it found that the protection policy provided to clients actually stripped them of protections by creating a “significant imbalance in the rights and obligations of the adviser and their client”, as well as prioritising the interests of the firm and its representatives over those of the clients. ....

New South Wales , Terence Mcmaster , Justice Michael Obryan , Tahn Sharpe , Justice Obryan , Justice Michaelo Bryan , Justiceo Bryan , Danielle Press , Client Protection Policy , Advanced Diploma , புதியது தெற்கு வேல்ஸ் , டெரன்ஸ் மக்மாஸ்டர் , நீதி மைக்கேல் ஓப்ரியான் , நீதி ஓப்ரியான் , டேனியல் ப்ரெஸ் , வாடிக்கையாளர் ப்ரொடெக்ஶந் பாலிஸீ ,