Australia's watchdog bans financial adviser

Pedro Gonçalves
clock • 1 min read

Australia's corporate regulator has banned a North Queensland financial adviser from providing financial services for four years for failing to comply with the best interests duty. The watchdog found that Peter Goudie failed to comply with financial services laws including the requirement to comply with the best interests duty and to prioritise his clients' interests. It followed ASIC surveillance of his activities when he was an authorised representative of Risk and Investment Advisors and National Australia Bank (NAB) owned GWM Adviser Services. ASIC said that, when providing per...

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