Former representative of AMP affiliate charged with dishonesty offences

Former financial adviser, Trevor William Martin, has been charged with 21 counts of dishonestly obtaining client funds and five counts of using false documents to obtain financial advantage following an investigation by the Australian Securities and Investments Commission (ASIC).

At the time of the offence, which occurred between June 2011 and April 2015, Martin was a representative of The Salisbury Group and Charter Financial Planning Limited, an AMP affiliate.

ASIC has alleged that Martin dishonestly and by deception obtained approximately $208,000 from clients by not investing client monies as represented and using the money for his own personal expenses.

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ASIC also alleges that Martin used false documents purporting to show investments he had made on behalf of clients, when in fact no investments had been made in a bid to conceal his use of client investment funds.

 




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In cases like this, I think that jail time should be the only option!

This has to happen in as much to help bringing ethics and integrity into the independent financial advice industry.

This has to happen in as much to help bringing ethics and integrity into the independent financial advice industry.

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