Adviser banned for recommending SMSFs

by

Ed.

From www.smsfadviser.com: The Financial Services and Credit Panel has issued a two-year registration prohibition order against a financial adviser for recommending clients establish SMSFs.

The FSCP found that the advisor exhibited systemic conduct that demonstrated a lack of care and competence, contravening the best interest duty and making misleading statements.

Filed under: Professional Practice, Superannuation

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