ASIC bans former adviser
The Australian Securities and Investments Commission (ASIC) has banned a former Queensland adviser from providing financial services for one year.
It was found that Bradley Thrupp failed to give clients a Statement of Advice on 39 occasions while he was an authorised representative of Westpac Banking Corporation.
His actions breached section 946A of the Corporations Act and were reported to ASIC by Westpac.
Thrupp has the right to lodge an application with the Administrative Appeals Tribunal for a review of ASIC’s decision.
Recommended for you
As the government announces a public inquiry into the collapse of Dixon Advisory, risk adviser Richard Silberman has detailed the three areas that typically lead to an AFSL's collapse.
With a growing number of advisers now running their own business, they need to pivot their career identity to being a business owner rather than just as a financial adviser if they want to futureproof their business.
Zenith Investment Partners has launched a range of new managed account portfolios over the past quarter, including on Insignia Financial’s Expand platform.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.