Former Commonwealth FP employee banned
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.”
ASIC confirms Endeavour, Linchpin wind up
The corporate regulator has confirmed orders from the Federal Court of Australia...
Former CBA adviser permanently banned
The corporate regulator has permanently banned a former Commonwealth Bank-aligne...
Hayne devalued financial advice, says AFA
The Association of Financial Advisers has called out the Hayne royal commission ...