ASIC accepts five-year enforceable undertaking for QLD adviser
Former Hart Ensole Pty Ltd representative Dean Hartmann has agreed to cease providing financial services for a period of five years after failing to act in the best interests of clients, the Australian Securities and Investments Commission (ASIC) confirmed.
An ASIC review of files found Hartmann advised clients to switch insurance arrangements and superannuation funds without adequate reasoning for any benefits, and did not conduct reasonable investigations into his clients’ objectives.
Hartmann, who was formerly based in the south-eastsouth-east Queensland city of Toowoomba will be required to adhere to supervision requirements before his re-entering into the industry after 2022.
AUTHOR
Hope William-Smith
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