Kris Ridgway sold unlisted shares to unsuspecting clients, hoping the companies would be listed. They weren’t. One of those clients and a former executive set in motion the events that would expose his wrongdoing.
A former Shaw and Partners financial adviser was permanently banned by ASIC after it was determined he was not competent and likely to breach the law again. It followed an investigation that found he, among other things, accepted unlawful commissions and didn t disclose others.