ASIC bans fraudster
The Australian Securities and Investment commission (ASIC) has permanently banned Ian William Pavletich, a former representative of Hillross Financial Serv-ices, from acting as a representative of a dealer or an investment adviser
The Australian Securities and Investment commission (ASIC) has permanently banned Ian William Pavletich, a former representative of Hillross Financial Serv-ices, from acting as a representative of a dealer or an investment adviser.
In early December, Pavletich was convicted on fraud charges and was sentenced to three and a half years in gaol with a non-parole period of two years.
“In cases which involve a serious fraud being committed by an adviser, ASIC will continue to impose permanent banning orders. We see these actions as crucial con-sumer protection measures,” says Lucienne Layton, ASIC’s newly appointed NSW director of Deposits, Insurance, Superannuation and Consumers (DISC).
AUTHOR
Zilla Efrat
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