Former Brisbane adviser hit with permanent ban

From 2011 to 2018, Emma Maree Radke provided administrative services via a related company of Fitzpatricks Private Wealth, a financial services licensee, according to a statement.

Radke was convicted of fraud in April 2019, after the District Court of Queensland found that, between January 2017 and January 2018, she used her own banking security token and a second banking token that did not belong to her to transfer a total of nearly $300,000 of client and corporate funds into her personal accounts. 

The fraudulent transactions affected client and company accounts of Fitzpatricks Private Wealth Partners, a related body corporate and authorised representative of Fitzpatricks.

ASIC found that Radke’s conduct involved ongoing dishonesty and, in the interests of promoting confident and informed participation by consumers, decided she should be permanently excluded from the financial services industry.

The corporate regulator noted that Radke was not acting as an authorised representative at the time of the conduct, but was previously a financial adviser and had continued to hold trusted positions within the financial services industry over a number of years.

ASIC further noted the matter was identified and reported by Fitzpatricks, which has taken steps to ensure any impacted client accounts have been identified and remediated.

Radke’s banning will be recorded on ASIC’s publicly available banned and disqualified persons’ register.

Adrian Flores

Adrian Flores is a deputy editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.

You can contact him on [email protected].