Banned financial adviser returns to court
A banned Gold Coast financial adviser will return to court today to face 19 criminal charges including providing false or misleading statements and failing to have a reasonable basis for advice.
A case against a banned Gold Coast financial adviser alleging 19 criminal charges, including providing false or misleading statements that formed the basis of clients' investment, will continue in court today.
Ian John Weaver is charged with 12 counts of failing to have a reasonable basis for the advice he gave, and seven counts of making a false or misleading statement while acting as an authorised representative of Enhance Capital between January 2003 and June 2010.
Weaver faced Southport Magistrates Court on 13 March 2012 and was released on conditional bail after being banned by the Australian Securities and Investments Commission in May 2011 for a period of five years.
Weaver will return to court today, and if found guilty faces serious penalties, including a maximum of 10 years imprisonment and a fine of $22,000 for each of the criminal charges of failing to have a reasonable basis for advice.
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