ASIC has banned former Guardian adviser Robert Gunner for creating false insurance application forms and statements of advice.
In a statement last week, ASIC said Mr Gunner was an employed representative of GuardianFP from 15 February 2013 to 4 May 2016.
Between January 2014 and February 2016, Mr Gunner had assisted clients to access their superannuation by advising them to acquire multiple insurance policies through their superannuation, ASIC said.
Upon receiving commission from the issuer of the insurance, Mr Gunner paid those commissions to the client less his own expenses, the statement said.
In doing this, Mr Gunner created insurance application forms, client file notes, client profiles and SOAs that contained false information.
ASIC deputy chair Peter Kell said, “ASIC is determined to ban financial advisers who deliberately breach the law from the financial services industry.”
Mr Gunner has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.
FASEA has approved a range of additional historical degrees and qualifications, ...
An industry body says the advice sector has an important role to play in helping...
A former managing partner at listed financial services company Perpetual has joi...