Australian watchdog slaps four-year ban on adviser

Pedro Gonçalves
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Australian watchdog slaps four-year ban on adviser

The Australian Securities and Investments Commission (ASIC) has banned a Perth-based financial adviser for four years after a surveillance  found that he was not trained to provide financial services. Lawrence O'Neill worked for Godfrey Pembroke, owned by the National Australia Bank, and Wealthsure Financial Services but was not adequately trained and failed to comply with financial services laws, according to ASIC. A review of O'Neill's advice files allegedly revealed he did not proper...

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