Former Commonweath Financial Planning authorised representative Ricky Gillespie has been fined $3,000 with no conviction recorded in the Brisbane Magistrates Court.
Mr Gillespie's sentencing comes after he pleaded guilty to a rolled-up charge of forging 33 client documents.
The bank has already paid out approximately $2.2 million in compensation to former clients of Mr Gillespie following an internal review of advice provided.
The Gold Coast-based former adviser was one of a number of Commonwealth FP authorised representatives at the centre of the media storm and parliamentary inquiry into the bank's financial advice operations.
In 2012, Mr Gillespie was permanently banned by ASIC.
ASIC says it does not expect superannuation trustees to check every SOA, despite concerns that the first QAR bill would ...
A new report from Adviser Ratings revealed more advice firms are actively working to increase their client load, ...
The FSC CEO has acknowledged the scepticism around adding advice businesses to the board but said the industry body is ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin