ASIC bans financial adviser

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