ASIC bans Victorian adviser for two years
The Australian Securities and Investments Commission (ASIC) has banned a former Goldman Sachs JB Were employee from providing financial advice for five years for an offence committed in October 2004.
Callen Jeffrey Soffer was employed by the Goldman Sachs JB Were Group at the time he committed an offence relating to obtaining property by deception, involving an unauthorised transaction of $100,000.
Soffer, from Caulfield South, Victoria, was banned following concerns by ASIC that he posed a risk to the public and would not act with honesty and integrity.
He was convicted on February 3, 2006, and ordered to serve a community-based order for a period of two years.
ASIC was notified of the issues by Goldman Sachs JB Were, which cooperated fully with the regulator’s enquiries.
Soffer has the right to lodge an application for review of the decision with the Administrative Appeals Tribunal.
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