ASIC bans insurance broker
Michael Andrew Crawley of Victoria has been permanently banned from providing financial services by the Australian Securities and Investments Commission (ASIC).
Crawley, an insurance broker, was banned after ASIC found he had engaged in dishonest conduct by falsifying loan applications for premium insurance funding from Ascot Premium Finance between October 2006 and April 2007.
Crawley misused his position to obtain unauthorised loans in excess of $500,000. He was a director of Infac Insurance at the time.
Crawley has the right to lodge an application for a review of the decision to the Administrative Appeals Tribunal.
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