Former Victorian financial adviser banned for forgery
Australia
- 09/29/2017
- Termination
- Australian Securities and Investments Commission
Detail
ASIC's surveillance of Mr Houghton found that he:
-had created false documents by cutting and pasting customer signatures onto a letter nominating Mr Houghton as their adviser;
-completed and submitted insurance application forms on behalf of clients with incorrect information;
-failed to make reasonable enquires into clients' relevant objectives, financial situation and needs; and
-failed to conduct a reasonable investigation into financial products that might achieve the objectives of the clients.
Source Link