Trusted adviser commits fraud
Former Perth financial adviser Antonio Pisano has been sentenced to four years, eight months jail after pleading guilty to eight counts of fraud amounting to $1,537,735.00.
An Australian Securities and Investments Commission investigation found that Pisano defrauded investors between June 1996 and July 2001 while he was a director and shareholder of Pisano Financial Services, which subsequently entered external administration at the beginning of 2004.
At the time, he was also Deputy Mayor of Gosnells City Council.
Recommended for you
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
Betashares has named the top Australian suburbs with the highest spare cash flow, shining a light on where financial advisers could eye out potential clients.
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 for a client.
