Adviser charged with 12 counts of dishonest conduct
Financial adviser Rahul Goel has been charged with 12 counts of dishonest conduct and three counts of false certification of documents by the Perth Magistrates Court, in addition to four counts of dishonest conduct laid by the corporate regulator.
The Australian Securities and Investments Commission (ASIC) said the adviser of Success in Western Australia contravened the Corporations Act by engaging in dishonest conduct while carrying on a financial services business through his company AR Wealth and Finance.
If Goel was convicted:
- For each count of dishonest conduct, he would receive a maximum penalty of either 10 or 15 years imprisonment; and
- For each count of false certification of documents, he would receive a maximum penalty of seven years imprisonment.
The matter had been adjourned to 18 June, 2021.
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