A Sydney financial planner was today sentenced to a maximum jail term of nine years after pleading guilty to 12 counts of dishonestly obtaining financial advantage by deception.
ASIC permanently bans Sydney financial adviser
ASIC permanently bans Sydney financial adviser
ASIC has permanently banned Sydney-based financial adviser Gavin Fineff from “providing any financial services, controlling a financial services business or performing any function involved in carrying on of a financial services business”.
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The former Sentinel Wealth planner was found to have engaged in misleading and dishonest conduct and sourced more than $5 million from clients and individuals as loans. Mr Fineff then gambled and lost that money without clients’ knowledge.
ASIC found that Mr Fineff:
Breached financial services laws by failing to act in the best interests of his clients and engaging in unlicensed conduct.
A former financial adviser has appeared in court today following an alleged $3. 3 million fraud. According to NSW Police, the 42-year-old man was arrested at Chatswood Police Station in Sydney on