ASIC has banned a former ANZ-aligned financial adviser for acting dishonestly and providing false statements to clients.
Former director and financial adviser Troy Andrew Rodney Williams of Directions Wealth Management, an authorised representative of ANZ-aligned Financial Services Partners Pty Ltd (FSP), has been banned from providing financial services.
An ASIC investigation found that in the period from December 2003 to March 2015 Mr Williams acted dishonestly by providing Financial Services Guides to his clients that contained false statements in relation to his qualifications.
The guides falsely stated that Mr Williams held a Diploma of Financial Planning and that he had completed certain courses related to that diploma.
ASIC’s investigation also found that in December 2014, Mr Williams dishonestly created false certificates purportedly evidencing his qualifications and sent them to FSP.
After becoming aware of his actions, Financial Services Partners suspended his authority to provide financial advice on 10 March 2015. The authority was subsequently cancelled by Financial Services Partners on 20 April 2015.
Mr Williams has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decision.
The former director of Perth corporate advisory firm Armada Capital will serve a three-year ban. ...
A dealer group head believes 2022 will be a turning point for attracting new entrants into the advice industry. ...
Some of the biggest trends in the industry for 2022 will shape the sector “for many years to come” according to the chief executive of a digital a...