Trevor William Martin has been charged with 21 counts of dishonestly obtaining client funds and five counts of using false documents to obtain a financial advantage under the act, according to a statement issued by ASIC.
The statement said the offences occurred between May 2013 and April 2015, during which time Mr Martin was an authorised representative of collapsed non-bank dealer group The Salisbury Group and later Charter Financial Planning.
The commonwealth Director of Public Prosecutions is prosecuting the matter, the statement said.
The announcement from ASIC follows AMP’s grilling before the royal commission.
Rolling coverage of the royal commission can be seen on ifa’s live blog: https://www.ifa.com.au/strategy/25404-royal-commission-financial-advice-hearings-live-blog
Steve —so true!!!!!!! ethics and good behavior can’t be obtained from any course. It’s part of who you are as a person!!!!!
Is this not a smaller version of what was playing out at the Royal Commission yesterday. Trevor Martin is not news, however if there is any starch in the RC, the senior management of AMP being criminally charged, would certainly be newsworthy. I hope the judge at the RC shows some guts.
He was fofa compliant, had a degree and fully FPA course qualified to practice. So much for the education argument. An absolute rort and fee grab by the industry body that has destroyed every single planners business from what it was to now.
Next wood duck course please.
Well said, Steve – I believe the culprits are AFA, FPA, MFAA and FBAA.