Former 'stupid' Australian financial adviser gets six-year prison sentence

Former Sydney-based financial adviser Ross Andrew Hopkins was sentenced in the District Court of New South Wales to a maximum six years' imprisonment, with a non-parole period of four years, the Australian Securities and Investments Commission (ASIC) said in statement on 25 May. Following an ASIC investigation, Hopkins, of Killara, New South Wales, was convicted of 15 dishonesty offences under the Corporations Act, committed when he was the sole director of QWL Pty Ltd (QWL). Between 14 October 2016 and 8 October 2019, Hopkins was a financial adviser entrusted by his clients to manage...