Brisbane financial adviser banned for misconduct
A Brisbane financial adviser has been banned from providing financial services for engaging in dishonest, misleading, and deceptive conduct.
The Australian Securities and Investments Commission (ASIC) permanently banned Scott Dawson, formerly employed as an authorised representative of Synchronised Business Services, for conduct relating to a number of financial products including superannuation and share advice provided to his clients.
Synchronised Business Services terminated Dawson’s employment in April last year after he failed to comply with the provisions of its Australian Financial Services licence (AFSL).
The company subsequently referred the matter to ASIC.
“ASIC will act quickly to remove people from the financial services industry who fail to act properly when dealing with client funds,” ASIC deputy executive director of enforcement Allen Turton said.
Dawson can lodge an application to review ASIC’s decision with the Administrative Appeals Tribunal.
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