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Screenshot of a breaking news alert e-mail from Q2 2017
ASIC announced that has banned former financial adviser, Mr Robert Gunner, of Brisbane, Queensland from providing financial services for seven years.
Mr Gunner was employed as a representative of GuardianFP from 15 February 2013 until 4 May 2016.
ASIC found that between January 2014 and February 2016, Mr Gunner failed to comply with financial services laws, in that he:
- assisted clients to access their superannuation by advising them to acquire multiple insurance policies through their superannuation fund;
- upon receiving commission from the issuer of the insurance, Mr Gunner paid those commissions to the client less his own expenses; and
- in doing this Mr Gunner created insurance application forms, client file notes, client profiles and Statements of Advice that contained false information.
ASIC Deputy Chair Peter Kell said:
ASIC is determined to ban financial advisers who deliberately breach the law from the financial services industry.
Mr Gunner has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.