Adviser pleads guilty to dishonest conduct
A former director of Freeman Hall Investment Services has pleaded guilty to two charges of failing to act honestly while operating as a licensed securities dealer.
John Charles Freeman, and investment adviser, pleaded guilty to the charges yesterday in the County Court of Victoria.
The charges were brought about following an investigation into Freeman’s conduct by theAustralian Securities and Investments Commission(ASIC).
It is understood the charges relate specifically to Freeman’s conduct during 1998, however no further details on the matter were available today.
Freeman is due to appear in the County Court for sentencing on the August 30.
The case was prosecuted by the Commonwealth Director of Public Prosecutions.
Recommended for you
ASIC has said it is exploring whether there are concerns regarding Macquarie and Equity Trustees for hosting platforms where investors rolled over their superannuation into the Shield Master Fund.
Almost 30 staff at AMP could be affected by changes to its marketing and communications team, Money Management understands, as it makes two senior hires.
Superannuation fund Cbus has announced it will offer a financial advice offering for its members and their partners called Advice Essentials Plus.
ASIC chair Joe Longo has told AFSLs that putting in place cyber protections should be “top of mind” as they manage their businesses, and flagged the weaknesses demonstrated by RI Advice.