Former CBA adviser permanently banned
The corporate regulator has permanently banned a former Commonwealth Bank-aligned adviser from Victoria from providing financial services.
Anneliese Ada Willmott is is a director of Polaris Financial Services and was an authorised representative of a CBA-owned financial planning firm Financial Wisdom from 12 November 2015 until 10 August 2017, ASIC said in a statement.
ASIC found Ms Willmott had:
- engaged in dishonest, misleading and deceptive conduct by forging client signatures, using false documents and back-dating documents;
- deleted records to conceal misconduct;
- falsely declared to have witnessed signatures on death benefit nomination forms and arranged for others to backdate and falsely witness these forms; and
- failed to provide statements of advice to clients.
ASIC noted Ms Wilmott has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.
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