Ballast authorised rep banned by ASIC
ASIC has banned a Queensland-based authorised representative of non-aligned dealer group Ballast Financial Management for a period of six months.
“Mr Fair falsely represented to his Australian financial services (AFS) licensee that he was not a bankrupt, and in so doing deprived the AFS licensee of the opportunity to disclose his bankruptcy to the AFS licensee’s insurer,” said the statement from ASIC.
“Mr Fair also failed to comply with his obligations as a bankrupt.”
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