The Australian Securities and Investments Commission (ASIC) has banned former Macquarie Equities authorised representative and senior wealth adviser, Mark Alexander Landau and former authorised representative and executive investment adviser Marcus Roderick Campbell, from providing financial services for 10 years.
The advisers were banned on account of both men engaging in conduct that was deliberate and dishonest, and which involved continued, knowing and wilful contraventions of the law.
ASIC’s Financial Services and Credit Panel found that between 2014 and 2017, Landau, and between 2015 and 2017, Campbell:
- Falsified the content of client email exchanges to mislead or deceive Macquarie’s compliance team into believing they had not given personal advice;
- Arranged for the false emails to be saved into Macquarie’s customer relationship management system; and
- Created false order management system transaction records to reflect the emails.
