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 listed wealth management group reported strong improvements in its advice an...
Liberal senator Andrew Bragg has warned the ABC’s content agreement with an in...
The body of missing Sydney businesswoman Melissa Caddick has been found at a bea...
Get notifications in real time and stay up to date with content that matters to you.
