August 23, 2016 BY Valentina Kirilova
Federal Court upholds ASIC's banning of finance broker
Former Victorian finance broker Rudy Noel Frugtniet's appeal against his permanent banning from engaging in credit activities has been dismissed by the Federal Court of Australia. ASIC permanently banned Mr Frugtniet, a former director of Unique Mortgage Services Pty Ltd (UMS), in July 2014 after it was found he provided misleading information and a lack…
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