ASIC has handed down a seven year banning order against a former employee of Commonwealth Financial Planning, identified as part of the enforceable undertaking accepted in 2011.
ASIC has handed down a seven year banning order against a former employee of Commonwealth Financial Planning, identified as part of the enforceable undertaking accepted in 2011.
In a statement issued today, ASIC announced it has banned Jade Zaicew from engaging in credit activities and providing financial services.
An ASIC investigation found that Mr Zaicew – who was a Commonwealth FP adviser between May 2008 and 2012 – engaged in misleading and deceptive conduct including “conducting unauthorised transactions on several client accounts including false information in three documents for the purpose of recording client instructions that were not in fact given, and backdating four records of advice contained on client files”.
Update added 7 April 2021: The ban against Mr Zaicew has now been lifted.
The FAAA has expressed concern regarding one area of the first tranche of QAR legislation that could potentially impose ...
The FSC CEO will join a long line-up of renowned speakers at the inaugural summit. Blake Briggs, chief executive ...
Legislation tabled in Parliament on Wednesday has made some amendments to ongoing fee arrangements and consent ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin