Compliance

Former CBA financial planner sentenced

Mr Ricky David Gillespie has been sentenced in the Brisbane Magistrates Court for the forgery of client documents. Mr Gillespie was fined $3,000, with no conviction recorded. Mr Gillespie was a senior financial planner of the Commonwealth Bank’s financial planning subsidiary, Commonwealth Financial Planning Limited (CFPL). The charges brought against Mr Gillespie related to the […]
Regulation

FPA supports strengthening penalties for unlicensed operators

  The Financial Planning Association of Australia (FPA) has submitted recommendations to the ASIC Enforcement Review to increase the proposed penalty for unlicensed operators, to support the professionalisation of the financial planning profession. The FPA in principle supports the ASIC Enforcement Review’s Positions Paper 7, entitled “Strengthening Penalties for Corporate and Financial Sector Misconduct”. The […]
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