Australian regulator slaps adviser with five-year ban

Pedro Gonçalves
clock • 1 min read

ASIC has banned Adelaide-based adviser Peter Anthony Chigwidden from providing financial services for a period of five years for consistently failing to address the stated needs and objectives of his clients. He also made recommendations without "adequate consideration" or the cost impact or other consequences of his advised, leaving his clients poorly informed, ASIC said. According to the ASIC Adviser Register, Chigwidden was with Lifestyle Asset Management from December 2017 to March ...

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