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Melbourne broker cops ASIC ban

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Australian Broker | 23 Jul 2014, 12:44 PM Agree 0
ASIC has issued a four year ban to a Melbourne broker over falsified documents
  • Dan - Melbourne | 23 Jul 2014, 01:16 PM Agree 0
    4 year ban?? Should be permanent!
  • Vic broker | 23 Jul 2014, 01:26 PM Agree 0
    What worries me in this industry is how are we protected if we submit documents provided by the client. If they give us false documents are we protected ? I never see any positive stories where the broker is shown not at fault & the client is charged with fraud or something similar....
  • Barry | 23 Jul 2014, 01:36 PM Agree 0
    Only 4 years?
  • Spud | 23 Jul 2014, 02:28 PM Agree 0
    LOL wow if only they had the balls to come down on CBA financial planners in this manner.

  • Andrew Edwards | 23 Jul 2014, 05:22 PM Agree 0
    Why why why!!! the commission for a $243k loan? $1650? Loss of wages for 4 years? Amazes me brokers would risk so much over so little.
  • Papery | 24 Jul 2014, 10:36 AM Agree 0
    Yeah....funny that....wonder how many other files this Broker HASNT been caught for
  • BeeGee | 24 Jul 2014, 02:02 PM Agree 0
    Yes this was wrong and silly. However this is the game ASIC plays. They come down heavily on individual brokers and love the publicity. The harm done by this broker is nothing is small in comparison to the current CBA scandal, Storm Financial, Kate Thompson in WA etc etc. ASIC is a toothless old boys club when it comes to the raelly big scandals.
  • Richard | 24 Jul 2014, 07:54 PM Agree 0
    What happen if this person works in the bank? Sweep under the carpet?
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