Australian watchdog slaps 4-year ban on former NAB adviser

Pedro Gonçalves
clock • 1 min read

The Australian Securities and Investments Commission (ASIC) has banned a financial adviser who worked for years as a representative of National Australia Bank and AMP financial planning licensees and allegedly provided inappropriate advice. David O'Brien failed to consider his clients' circumstances and existing financial products while providing advice, ASIC found. In providing superannuation advice, O'Brien did not check costs, investment strategy or his clients' existing insurance through their superannuation arrangements. When providing insurance advice, he failed to prepare a ...

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