Enforceable undertaking excludes Queensland financial adviser for five years
Australia
- 11/14/2017
- Suspension
- Australian Securities and Investments Commission
Detail
An ASIC review of client files found that in some instances Mr Hartmann had failed to act in the best interests of clients when he:
- advised clients to switch insurance arrangements and superannuation funds without being able to demonstrate why this was appropriate; and
- did not conduct reasonable investigations into clients' objectives for insurance requirements or insurance products.
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