Former representative of AMP affiliate charged with dishonesty offences

image
image
expand image

Former financial adviser, Trevor William Martin, has been charged with 21 counts of dishonestly obtaining client funds and five counts of using false documents to obtain financial advantage following an investigation by the Australian Securities and Investments Commission (ASIC).

At the time of the offence, which occurred between June 2011 and April 2015, Martin was a representative of The Salisbury Group and Charter Financial Planning Limited, an AMP affiliate.

ASIC has alleged that Martin dishonestly and by deception obtained approximately $208,000 from clients by not investing client monies as represented and using the money for his own personal expenses.

ASIC also alleges that Martin used false documents purporting to show investments he had made on behalf of clients, when in fact no investments had been made in a bid to conceal his use of client investment funds.

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 2 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 10 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago