今日热门事件

media release (21-096MR)

今日热门事件bans former Sydney adviser for eight years

Published

今日热门事件has banned Sydney-based former financial adviser, Lisa Lee, from providing financial services for eight years.

Ms Lee was a representative of Australia and New Zealand Banking Group Limited (ANZ) between 5 June 2010 and 15 June 2017 and Infocus Securities Australia Pty Ltd between 19 September 2017 and 19 November 2018. She is no longer providing financial advice.

今日热门事件found that while a representative of ANZ, Ms Lee falsely witnessed binding nomination of beneficiary forms for 17 clients, backdated documents, and falsified a client鈥檚 signature on documents.

Financial advisers must act with honesty and integrity in their dealings with clients. 今日热门事件may ban a financial adviser if it has reason to believe that they are not a fit and proper person to provide financial services or that they are likely to contravene a financial services law.

Ms Lee鈥檚 banning has been recorded on 础厂滨颁鈥檚 publicly available and the .

Ms Lee has appealed to the Administrative Appeals Tribunal for a review of 础厂滨颁鈥檚 decision.

础厂滨颁鈥檚 has useful information for consumers about , how to , and what to do if their adviser is banned.

Editor's note 1:

Paragraph 4 of this media release was amended on 12 May 2021 to reflect the current wording of sections 920A and 920B in the Corporations Act 2001.