Former adviser sentenced after document falsification


A former Adelaide financial adviser has been sentenced for two counts of falsifying company books, having previously been charged last June.
Tai Thanh Nguyen pled guilty in Adelaide Magistrates Court and was convicted on both counts and placed on recognisance in the sum of $1,000 to be of good behaviour for two years.
He admitted to falsifying seven documents relating to inserting client signatures and adding dates to documents relating to two clients to look like he was compliant with his obligations, between February 2010 and December 2018.
This occurred while he was an authorised representative (AR) of GWM Adviser Services and Interprac Financial Planning.
Magistrate Nitschke said the charges were a “breach of trust” of those clients he was engaged to act for.
Nguyen was previously permanently banned by the Australian Securities and Investments Commission (ASIC) for dishonest conduct in 2019.
The matter was prosecuted by the Commonwealth Director of Public Prosecutions after a brief and referral from ASIC.
Recommended for you
ASIC was active in the first quarter of 2025 with several financial adviser bannings and court action, while the FSCP also handed down outcomes to advisers.
With a joint venture announced between WT Financial and Merchant Wealth Partners, the firm may have a US background, but partner David Haintz has a long history with Australian financial advice.
The big four bank is set to see $40 million per annum in cost savings as it continues to migrate customers from its Asgard wealth platform to BT Panorama by FY26.
AMP North has added three new managers to its range of managed accounts for financial advisers and also extended its existing partnership with Betashares.
happens regularly in my days of auditing. No dealer group ever thought of reporting it to asic or the cops though.