ASIC bans financial adviser

Four year ban for former Suncorp Financial Services adviser

ASIC has banned a former Suncorp Financial Services financial adviser for four years after finding he failed to act in his clients’ best interests. ASIC announced that it has banned Gerald Grubwinkler, of Queensland, from providing financial services for four years. The regulator found that Mr Grubwinkler had failed to: “adequately identify the… Read More »Four year ban for former Suncorp Financial Services adviser

ASIC bans former Westpac & NAB adviser for 5 years for super advice

ASIC has banned a former Westpac and NAB financial adviser from providing financial services for five years, due to superannuation advice that in some cases “significantly” reduced clients’ superannuation savings. ASIC announced it had banned Christopher Ramsay for failing to act in the best interest of clients and giving advice that… Read More »ASIC bans former Westpac & NAB adviser for 5 years for super advice

ASIC bans Queensland adviser for three years for SMSF property advice

ASIC has banned a Queensland financial adviser from providing financial services for three years in relation to advice to use SMSFs to buy property. The regulator announced that it has banned Drew Grosskreutz after finding he advised clients to set up SMSFs to buy property using Limited Recourse Borrowing Arrangements (LRBAs) “without… Read More »ASIC bans Queensland adviser for three years for SMSF property advice