ASIC charges former Macquarie financial adviser with dishonesty offences

On 30 October, following an investigation, conducted by the Australian Securities and Investments Commission, former financial adviser Warren Scott Acworth was charged with 27 offences. Acworth worked as an adviser with Macquarie Equities Limited between December 2015 and May 2018

Acworth was charged with 16 counts of making false or misleading with each offence carrying a maximum penalty of 10 years’ imprisonment and/or a fine ranging between $810,000 and $945,000.



He was also charged with six counts of making a statement that was a maximum penalty of two years’ imprisonment and/or a fine of $21,000 for each of them.

He also received five counts of to fraud with maximum penalties varying between 14 and 20 years’ imprisonment.

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