ASIC permanently bans former insurance broker

ASIC has permanently banned Renato De Maria, of Melbourne, Victoria, from providing any financial service.

Mr De Maria is also permanently banned from controlling an entity that carries a financial services business and performing any function involved in the carrying on of a financial services business.

Mr De Maria was a responsible manager and is the sole director of Melbourne-based Alliance Management Group Pty Ltd (formerly Alliance Insurance Broking Services Pty Ltd). The Australian Financial Services Licence (AFSL) held by Alliance Management Group Pty Ltd has been cancelled.

Mr De Maria’s banning will be recorded on ASIC’s Banned and Disqualified Register. 

Mr De Maria has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.

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