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 ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?