We have seen how ASIC handle property Spruikers banned for something they were unauthorised to do anyway being unlicensed to do (i.e. provide financial advice) but presumably can keep spruiking property without any financial penalty. Where is the deterrent? Without ASIC banning affecting Accountants licensing with TASA I guess they will run the risk of getting caught giving unlicensed advice.
In order to give you the best site experience, we need to know what kind of investor you are. Please select the title that best describes you below.
Financial Advisers - Investment
Financial Advisers - SMSFs
Individual Investors with SMSFs
Financial Advisers - Insurance
Accountants and Solicitors
Financial Services Professional