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Australian Regulator Bans Former Wealth Manager Permanently
The Australian Securities and Investments Commission (ASIC) has permanently banned Andrew Peter Panayiotides previously from Morgan Stanley Wealth Management from providing financial services.
“He failed to act in the best interests of clients and provided inappropriate advice in relation to exchange traded option.”
He failed to act in the best interests of clients and provided inappropriate advice in relation to exchange traded options. This resulted in each client to be significantly exposed to short cash covered ETO positions.
The 2024 Investment Day | 28/2 HK & 6/3 SG
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 28th February 2024 in Hong Kong, 6th March 2024 in Singapore.
Visit | Register here
The 2024 Family Office Summit20th March / 3rd April HK & 3rd / 10th April SG
Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here
About Morgan Stanley
Morgan Stanley Bank
Morgan Stanley was founded in 1935, with the commitment to community as its guiding principle. Through its subsidiaries and affiliates, advises and originates, the bank trades, manages and distributes capital for governments, institutions and individuals. Its segments include Institutional Securities, Wealth Management and Investment Management. Through its subsidiaries and affiliates, the Company provides a range of products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals.
Managing $20 million to $3 billion. Investing $3 million to $300 million.
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