Adviser slapped with 20 dishonesty offences
Former Sydney-based financial adviser, Daniel McSweeny, has been charged with 20 dishonesty offences allegedly committed when he was a company director.
The Australian Securities and Investments Commission (ASIC) claims McSweeny transferred his clients funds, mostly superannuation savings, into two trustee companies of which he was the sole director, Constantia Pty Lty and Prettoria Pty Ltd.
ASIC alleges the former adviser dishonestly transferred or directed others to transfer funds from those bank accounts for the benefit of himself or others between March 2011 and December 2012.
The corporate regulator also alleges that in May 2012, McSweeny directed an employee to construct a back-dated statement of advice, which was given to an Australian financial services licensee, in answer to an investigation it was conducting following a complaint by one of McSweeny’s clients.
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