Former financial adviser faces seven fraud charges
A Queensland financial adviser has been charged with seven counts of fraud, including six counts of misappropriating over $100,000 worth of clients’ money.
Scott Warner appeared in the Brisbane Magistrates Court last week charged with six counts of dishonestly causing detriment to six clients, totalling $126,754, and one count of forgery.
All charges are related to work Warner did between February 2002 and June 2004.
On June 29, 2006, Warner was permanently banned from providing financial services by the Australian Securities and Investments Commission.
Warner has been released on bail and will reappear in court in November this year.
Recommended for you
Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternative framework to the “licensed and self-licensed” model.
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
