ASIC
On 19th September 2012, Australian Securities and Investments Commission (ASIC) made the following decision:
Victoria-based financial adviser Peter Raymond Holt has been banned from providing financial services for three years. Holt was banned after failing to comply with “numerous financial services laws”, the Australian Securities and Investments Commission said.
Holt was a director and authorised representative of Holt Norman & Co.
The regulator found Holt failed to have a reasonable basis for the advice he gave to retail clients.
He also failed to meet his disclosure obligations.
Holt has the right to appeal to the Administrative Appeals Tribunal for a review of the regulator’s decision.
Mr Holt had the right to appeal to the AAT for a review of ASIC’s decision. This was sought in 2012. However, after HNAB Action Group met with ASIC in February with evidence of criteria to secure a Permanent (Life) Ban, Mr Holt, uncharacteristically, retracted his Appeal weeks later in March 2013.
For information about other Financial Planners who have been banned by ASIC, please follow the attached link.
| www.asic.gov.au |
December 2016 - updated Information for Timbercorp growers on the ASIC website
CPA Disciplinary Notice:
Peter Holt is no longer a member of the CPA for the period of his bankruptcy.
Same with business partner - Craig Baker - May 2011 determination who went bankrupt on 17/08/2010
Current company name providing accounting services HoltBaker.com.au
Peter Holt on the Golf Course during a normal Wednesday afternoon.