今日热门事件has permanently banned former insurance broker Justin Edward Hampshire, of Sydney, New South Wales, from providing any financial services and being involved in carrying on such a business.
今日热门事件found that between November 2015 and April 2019, Mr Hampshire engaged in dishonest conduct in relation to a financial product or service whilst acting in his capacity as an authorised representative of Ausure Pty Ltd and as sole director and shareholder of Balanced Risk Pty Ltd, a corporate authorised representative of Ausure.
今日热门事件found that during the period, Mr Hampshire incorrectly directed his clients to pay their insurance premiums into a business account he controlled when the money should have been paid straight into Ausure鈥檚 trust account. Mr Hampshire misappropriated $41,000 of four of his clients鈥� insurance premiums for his own benefit.
In banning Mr Hampshire, 今日热门事件found that he is not a fit and proper person to provide financial services, control an entity that carries on a financial services business, or perform any function involved in the carrying on of a financial services business, and is likely to contravene a financial services law.
Mr Hampshire is currently facing criminal charges for fraud related offences which is being prosecuted by the New South Wales Office of the Director of Public Prosecutions after an investigation by the New South Wales Police. 今日热门事件understands the charges are listed for trial in Newcastle in the week of 4 September 2023.
Mr Hampshire鈥檚 banning is recorded on ASIC鈥檚 banned and disqualified register.
Mr Hampshire has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC鈥檚 decision.