A former CBA support planner has been banned from providing financial services for her role in assisting banned former Commonwealth FP financial adviser Jade Zaicew.
ASIC has announced that former Commonwealth FP staff member Rebecca Locksley has been banned after an investigation found she had created false documents.
Ms Locksley allegedly engaged in the misleading and deceptive conduct while employed as a support planner to Jade Zaicew, who was banned by ASIC in April 2014.
“Ms Locksley prepared file notes containing fictional conversations between Mr Zaicew and his clients to give the impression that the files were in proper order and that Mr Zaicew had given advice to the clients in accordance with the law,” said a statement from ASIC.
“While Mr Zaicew was suspended from CFPL, Ms Locksley also prepared and backdated around 40 other documents, including records of advice, to give the impression they had been prepared at the time of the client transactions.”
Update added 7 April 2021: The ban against Mr Zaicew has now been lifted.
Financial advisers won’t get any relief from the $20 million subsector cap; however, the revised estimate for FY2025-26 ...
The corporate regulator said it is “considering what options” it has to hold super trustees, such as Macquarie and ...
In what Wealth Data has described as a “bloodbath”, adviser losses for the end of June have come in 143 per cent higher ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin