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Home News

Banned adviser praised in Parliament

The Federal Parliament has commended a former financial adviser banned by ASIC and booted out of the FPA membership for his charity work and community involvement.

by Staff Writer
November 9, 2017
in News
Reading Time: 2 mins read
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Andrew Gee, Nationals MP for the rural NSW seat of Calare, has made a speech in the Federal Parliament recognising members of his community who have been advocates for victims of domestic violence, including former financial adviser Darren Tindall.

Mr Tindall is one of a number of White Ribbon Day committee members raising funds for organisations supporting victims in central western NSW.

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“Domestic violence is a serious issue in regional communities … but there is a dedicated team of people who are working hard to bring this issue to a close, to the extent that we can,” Mr Gee said before going on to mention Mr Tindall specifically.

Mr Tindall was handed a five-year ban in February 2017 and was expelled from the FPA membership, with the association claiming he had engaged in “misleading, deceptive, dishonest and fraudulent conduct”.

Speaking exclusively to ifa, Mr Tindall said he has been committing his time since the ASIC enforcement activity to charitable efforts, especially on the topic of domestic violence.

“Helping victims of domestic violence is not just a passion, it’s my life now,” he said. “If I cant help people through my profession at the moment, then at least I can help this way.”

Mr Tindall has raised thousands of dollars for local charities Housing Plus and Pay It Forward, which work with victims in the Orange area.

The former adviser – who is currently awaiting the verdict of his appeal against ASIC’s banning order – had some sage advice for other advisers who may find themselves on the receiving end of regulatory punishment.

“If you believe you’re a decent person and haven’t committed the crime, then your community and clients will believe you and know the difference,” he said. “You can turn this into a positive experience. Keep helping people however you can.”

While he has found a positive tone is his post-ban life, Mr Tindall intends to continue providing advice to clients in the future and is hopeful of a speedy resolution of the dispute before the Administrative Appeals Tribunal.

He has already paid his fine to the FPA and now wants “nothing to do with them”, but lamented that his former representative body did not show him support in his time of need.

Tags: Exclusive

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Comments 30

  1. Anonymous says:
    7 years ago

    The AAT have upheld ASIC’s decision the link is to the decision, an interesting read http://www.austlii.edu.au/cgi-bin/viewdoc/au/cases/cth/AATA//2018/3101.html

    Reply
  2. Anonymous says:
    8 years ago

    Not hard to see why this was an ‘EXCLUSIVE’… who else would have bothered to publish this!!

    Reply
  3. Fair go says:
    8 years ago

    I know Darren from past work place. He was always involved in Charity work. He has a heart of gold. However, I cannot comment on the FPA case and facts. You cannot blame the guy for trying to clear his name though? You want to tell me any of the above would not do the same??? Fair go people – remind me to crucify you if you ever put a foot wrong..

    Reply
    • Anonymous says:
      8 years ago

      You can given the shit he admitted to doing!

      Reply
  4. Anonymous says:
    8 years ago

    I find many of the comments disappointing. Regardless of what anyone thinks they know (rightly or wrongly) about what led to the banning and the disputes involved. The fact that an adviser has found themselves on the bench while awaiting an appeal and has chosen to focus on helping people in a different way is to be commended. Would you rather that he wallow or simply not help others?? Of course not. I think it fair for the IFA to “check in” with Daryl, especially given the random and suspect nature in which the FPA uncharacteristically “outed” him when this hadn’t been, nor continued to be their standard practice before or after this time. Thanks Daryl for your efforts, I’m sure it’s appreciated by your community and well done on keeping up the positive outlook, despite the circumstances.

    Reply
  5. Andrew says:
    8 years ago

    What a shame that parliament don’t praise the work that the many hard working financial advisers do every single day in helping thousands of ordinary Australians ?? to secure and protect their financial futures…

    Reply
  6. Best Interests?? says:
    8 years ago

    What on earth was the purpose of this article? In some weird attempt to paint a banned financial planner as some kind of saint because of some totally unrelated charity work, while casting doubt on the professionalism of the FPA and ASIC, it appears to have only resulted in the banned planner’s actions being made known to those who perhaps had been in the dark?

    A few hours after the publication of this article: “The White Ribbon Committee of Orange would like to advise that Darren Tindall has stepped down from the committee. Darren has assisted with the committee over the past few months in planning this years treadmill relay. We would like to thank him for his considerable efforts and wish him all the best in the future.”

    IFA should be ashamed by this article.

    Reply
  7. Opinion is news says:
    8 years ago

    I think we might have an answer as to how this garbage was published… see article here, where Aleks argues “opinion is news”: https://www.momentummedia.com.au/2017/01/31/making-the-media-great-again/

    Reply
  8. Great reporting says:
    8 years ago

    Aleks, can you please let the world know if this person has done any charity? We need to know as the answer could be important in determining whether or not there has been some kind of ASIC conspiracy against him. https://www.ifa.com.au/news/18583-former-bby-adviser-banned-for-10-years

    Reply
  9. Anonymous says:
    8 years ago

    Quite incredible that this has been published. Staggering actually! Let’s put some perspective around this… given domestic violence has become Mr Tindall’s passion (let’s call a spade a spade, it’s a marketing strategy), let’s use it as an example. If Mr Tindall was found guilty of domestic violence offences and sentenced to five years jail, would anyone give him any credit if he’d raised some money for the RSPCA while he was appealing his conviction? If you take domestic violence seriously, then I highly doubt it! If someone could tell me what Mr Tindall’s work in the domestic violence space has to do with the offences he’s been found guilty of, then please add your voice to the comments. Not to mention that his newfound devotion to preventing domestic violence has only come about AFTER he was found guilty. There’s a big difference between loyalty and blind loyalty. If the appeal to Administrative Appeals Tribunal fails, then I hope the Central Western Daily will make a strong effort to make the residents of Orange fully aware that a man banned from giving financial advice is the director of a financial planning business in town.

    Reply
    • Anonymous says:
      8 years ago

      Spot on. And would a person serious about domestic violence intervention hold fundraisers in his mates’ bar and other venues with full bar service!

      Reply
    • Anonymous says:
      8 years ago

      In reading Mr Gee’s address to Parliament, I would venture to say that Mr Tindall was not specifically “Praised in Parliament” as an individual but rather he was mentioned along with a number of others who are doing important work to support the victims of domestic violence. I believe that a true heart that truly wishes to help others does not need to ring its own bell so loudly…it makes me question what the real motive is for the above article? I commend Mr Tindall for his support of the White Ribbon Day committee but am left totally miffed that he would use the misfortunes of others as a ‘soapbox’ to highlight his own personal issues with the FPA and ASIC. The actions taken by ASIC and the FPA would not have been so drastic if Mr Tindall’s conduct had been with question. I am totally bemused that anyone or any publisher could lack the integrity to realise that this article is in poor taste.

      Reply
  10. Anonymous says:
    8 years ago

    Great to see you gave this guy an exclusive and are prepared to back him. Just keep in mind another body publicly backed Trio Astarra fraudster Shawn Richard all the way, falling for his lies, professing his innocence and confidently stating he would be cleared. Shawn Richard ended up pleading guilty to fraud offences and doing jail time.

    Reply
  11. Anonymous says:
    8 years ago

    I don’t think any of us can comment on the past of Darren Tindall without knowing the full facts (and I don’t) As a risk adviser I have certainly seen how underhanded bordering on corrupt both ASIC and the FPA have acted over the LIF. So as far as the present and the future goes, good on you Darren for achieving so much for such a worthwhile cause.

    Reply
    • Anonymous says:
      8 years ago

      Objectively read the determinations on the FPA website.

      Reply
  12. Michael Ord says:
    8 years ago

    Good on you Darren. Hope you and the Family are well and good on you for finding another way to help people.

    Reply
  13. Philip - Perth says:
    8 years ago

    I doubt he was “booted out of the FPA membership for his charity work and community involvement”, Aleks… (This is journalism 101, surely?)
    On the matter of the article…we are all more than one person. We have our history of good and bad; things we’d love to “take back”, but can’t…and things we’re proud of that (maybe) no one knows about, as well as some that they do… So we all have an opportunity to turn our (and others’) lives around by being better. Those who do are bravest and the old Biblical reference about letting them…. “cast the first stone”… springs to mind.

    Reply
  14. On Ya Daz says:
    8 years ago

    Good on you Darren. If there’s anyone out there with a stronger will and more positive attitude, I’m yet to meet them.

    Reply
  15. JJFXR says:
    8 years ago

    It takes a good man like Darren Tindall to step up, and refocus on good matters when all seems lost – well done!

    Reply
  16. Anonymous says:
    8 years ago

    Wow! And not in a good way.

    Reply
    • WRD17 says:
      8 years ago

      Anyone who stands up, speaks out and acts to prevent violence against women is doing a good thing in a ‘good way’, Anonymous, maybe you should get involved instead of bagging people out.

      Reply
      • Anonymous says:
        8 years ago

        I don’t disagree with you WRD17! The WOW is that Mr Tindall takes no responsibility or accountability for his actions and the harm he has done to his clients and the profession.

        Reply
        • Come off it says:
          8 years ago

          wankers who talk about the “profession” while doing deals with banks are the ones who have hurt clients, not charitable small bizmen like this bloke.

          Reply
        • Anonymous you are Pathetic says:
          8 years ago

          Someone who is too afraid to use their name cannot even take accountability for their own thoughts, you are a pathetic little person too scared to even put your name to your comments. This bloke is helping great causes and doing something good, not hiding behind ‘Anonymous’, you are pathetic. I suppose you think by hiding your name you are helping, you are not, you are just pathetic.

          Reply
          • Anonymous says:
            8 years ago

            Says the person calling themselves ‘Anonymous you are Pathetic’. A good Friday Funny!

          • Anonymous says:
            8 years ago

            So what’s your name – can’t see it either!

          • Anonymous Smith says:
            8 years ago

            Hi, I’m ‘Anonymous Smith’. Is that ‘Anonymous’, ‘Anonymous’ or ‘Anonymous you are pathetic’ speaking?

        • anon 2 says:
          8 years ago

          Well said…seems like his supporters dramatically underestimate the damage he’s done to the “profession””…if proven guilty.. and by their language such as “come off it”” they come off as the cowboys themselves.

          Reply
  17. Darren Tindall says:
    8 years ago

    Thank you for the story Aleks and for highlighting Domestic Violence Against Women, hope more people get involved.

    Reply

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