ASIC bans former mortgage broker
A former mortgage broker and financial services representative has been permanently banned after engaging in dishonest conduct.
The ban comes after the Australian Securities and Investments Commission (ASIC) investigated the conduct of Edward Richard George when he was a broker operating under the name Quest Home Loans.
According to the investigation, on two occasions between March and July 2011, George falsified and submitted eight documents for four deposit guarantees and one home loan. The applications were for himself and four clients and the false documents included loan approval letters, employment letters and payslips.
George has the right to appeal to the Administrative Appeals Tribunal for a review of the regulator’s decision.
Recommended for you
AZ NGA has partnered with an Adelaide-based accounting and financial planning practice as it expands its presence in South Australia.
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
