Sydney insurance broker banned
ASIC has permanently banned NSW broker Anastasia Hronopoulos from providing financial services after the regulator uncovered a series of dodgy deals.
An ASIC investigation revealed Ms Hronopoulos “forged insurance documentation, failed to effect insurance for clients and allocated clients’ funds inappropriately”.
Ms Hronopoulos was an insurance broker with Zuellig Insurance Brokers from November 1992 to January 2005 and at OAMPS Insurance Brokers from January to December 2005.
ASIC says OAMPS brought the matter to its attention when it discovered irregularities in Ms Hronopoulos’ accounts and has since worked alongside the regulator to resolve the matter.
ASIC says that between October 2002 and August 2005, Ms Hronopoulos received money from clients intended for insurance policies but the funds were instead used to pay the claims and debts of other clients.
She also allegedly breached financial services laws by creating false instruments that deceived clients into believing they held insurance when no such policies existed.
An ASIC investigation revealed Ms Hronopoulos “forged insurance documentation, failed to effect insurance for clients and allocated clients’ funds inappropriately”.
Ms Hronopoulos was an insurance broker with Zuellig Insurance Brokers from November 1992 to January 2005 and at OAMPS Insurance Brokers from January to December 2005.
ASIC says OAMPS brought the matter to its attention when it discovered irregularities in Ms Hronopoulos’ accounts and has since worked alongside the regulator to resolve the matter.
ASIC says that between October 2002 and August 2005, Ms Hronopoulos received money from clients intended for insurance policies but the funds were instead used to pay the claims and debts of other clients.
She also allegedly breached financial services laws by creating false instruments that deceived clients into believing they held insurance when no such policies existed.