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.
happens regularly in my days of auditing. No dealer group ever thought of reporting it to asic or the cops though.