Several months after receiving a two-year suspended sentence for dishonest conduct, a former Bell Potter adviser has been banned permanently from providing financial services.
In a statement released today, the Australian Securities and Investment Commission (ASIC) has revealed that former Bell Potter adviser Lawson Stuart Donald has received a permanent ban, in order to “maintain investor and consumer confidence in the financial system”.
On 26 April, Mr Donald received a two-year jail sentence, fully suspended upon entering a two-year good behaviour bond, after appearing in the Sydney District Court and pleading guilty to a charge of dishonest conduct.
Donald worked as a client adviser for the brokerage between 1 February 2003 and 21 April 2008. For three years he used his position as an employee to gain an “advantage for himself or someone else”, according to a previous ASIC statement.
The Commonwealth Director of Public Prosecutions appealed the sentence handed to Mr Donald on the basis that it is manifestly inadequate
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has refer...
FASEA has announced its August exam sessions will only be offered remotely for V...
A major platform provider has made changes to its functionality to make it easie...
Get the latest news! Subscribe to the ifa bulletin
Get notifications in real time and stay up to date with content that matters to you.
