Enforceable undertaking excludes Queensland financial adviser for five years

Reason:
Misconduct
Content of Penalty:

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.

Date: 14/11/2017
Link: http://www.asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-382mr-enforceable-undertaking-excludes-queensland-financial-adviser-for-five-years/

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