An Australian-born financial services consultant has been permanently banned following a conviction for his role in a £70 million fraud in the UK.
Jeffrey Revell-Reade, described by ASIC as a former “consultant to an FX broker” in Australia and a “mastermind” of a UK boiler room fraud scheme.
More than 1000 investors were snared in the scheme, according to ASIC.
“Mr Revell-Reade’s involvement in the serious fraud in the UK was motivated by greed and demonstrates a clear lack of integrity,” said ASIC commissioner John Price.
“ASIC’s ban protects Australian consumers. It will prevent him from ever working in financial services in Australia again.”
Leaders in financial services have the opportunity to widen their moats against upstart competitors. ...
The advice industry is currently in a budding phase but will “bloom in the next three to five years”, according to a new white paper. ...
ASIC has banned a Melbourne-based adviser from providing financial services and performing any function in a financial services business for six years...
Get notifications in real time and stay up to date with content that matters to you.
