ASIC has banned a former authorised representative of Commonwealth Financial Planning , Kimberley Holgate of Wagga Wagga, from providing financial services for five years. ASIC says it found Ms Holgate “engaged in conduct that was likely to mislead by cutting clients’ signatures from documents held on file and pasting them… Read More »5 year ban for former Commonwealth Financial Planning adviser
ASIC bans financial adviser
ASIC has banned an advisor from providing financial services for three years after finding a client was wrongly advised they could withdraw money from an SMSF and failing to prioritise the interests of the client in recommending a loan. “ASIC has banned Mr Ramana Rao of Heathpool, South Australia, from… Read More »Three year ban after wrongly advising withdrawal from SMSF
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
ASIC has banned a financial adviser from providing financial services for six years over superannuation switching advice.