Former financial adviser Ross Tarrant has announced he has lodged a submission with the Federal Court to appeal the AAT’s upholding of a seven-year ASIC ban order.
In a statement issued to ifa yesterday, Mr Tarrant, principal of Tarrants Accountants & Business Advisors in Wollongong, said he lodged an appeal last week “on the grounds that former ALP Attorney General, Justice Duncan Kerr, has denied [him] procedural fairness”.
Mr Tarrant also reiterated previous allegations that political bias may have impacted the legal proceedings involving his company’s role in the collapse of Trio.
“It is unacceptable that hard working and honest advisers are continually vilified when something goes wrong. Even when it is undisputed, international organised crime, the adviser is still blamed so as to protect the deep pocketed fund managers and incompetent government departments, ASIC and APRA, who are only too keen to play the game,” he said.
On December 20, the as the appropriate course of action, ruling that a number of breaches of financial services law had taken place.
Former clients of Mr Tarrant burned by the collapse of Trio have , telling the former adviser has become a scapegoat and that responsibility should lie with other stakeholders.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 25 Sep 2018ASIC finds serious delays in breach reporting from major banksBy Eliot Hastie
- 25 Sep 2018Failed advice firm was ‘a proven success story’: DalyBy Adrian Flores and James Mitchell
- 25 Sep 2018New city added to FPA’s Women in Wealth programBy Adrian Flores
- 25 Sep 2018Fund managers charging fees for underperformanceBy Eliot Hastie
- 25 Sep 2018Government minister to address AFA conferenceBy Adrian Flores
- 24 Sep 2018Accountants continue battle for advice spaceBy Adrian Flores
- view all