Australian watchdog bans Sydney-based adviser

Pedro Gonçalves
Australian watchdog bans Sydney-based adviser

ASIC has permanently banned Sydney-based financial adviser Tram Tran from providing financial services and has cancelled her Australian Financial Services licence. An investigation by the corporate watchdog found the funds of Tran's clients had been transferred without their authority to the trust account of a business for which she was the sole director and shareholder, Orchard Accountants. ASIC also said Tran failed to co-operate and assist the Australian Financial Complaints Authorit...

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