Ashley Grant Howard, of Hobart, Tasmania pled guilty to two charges of using using false documents to obtain a financial advantage or cause a financial disadvantage in Downing Centre Local Court in Sydney.
Between July 2013 and April 2014, Howard used false off-market transfer forms to transfer shares in GPS Alliance Holdings Limited, BHP Billiton Limited and Aquarius Platinum Limited to himself and an associate. The transfers occurred without the knowledge or authority of the 14 owners of the shares.
Magistrate Covington remarked upon sentencing that Mr Howard was in a position of trust as a financial planner when he used the false documents and that his offending had a degree of sophistication.
He was sentenced to a 12-month community corrections order.
He had previously been permanently banned from providing financial services by the Australian Securities and Investments Commission (ASIC) in October 2016 for engaging in dishonest conduct, unrelated to the court case.
The Commonwealth Director of Public Prosecutions prosecuted the matter after a referral from ASIC.
