{"id":42976,"date":"2018-11-14T06:05:24","date_gmt":"2018-11-13T20:05:24","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=42976"},"modified":"2018-11-16T12:18:57","modified_gmt":"2018-11-16T02:18:57","slug":"fpa-fines-sam-henderson-50000","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2018\/11\/14\/fpa-fines-sam-henderson-50000\/","title":{"rendered":"FPA Fines Sam Henderson $50,000"},"content":{"rendered":"<p>The FPA has fined former high profile financial adviser, <strong>Sam Henderson<\/strong>, $50,000 in relation to the multiple breaches of its Code of Professional Practice.<!--more--><\/p>\n<figure id=\"attachment_34894\" aria-describedby=\"caption-attachment-34894\" style=\"width: 157px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2016\/10\/Sam-Henderson-cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-34894\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2016\/10\/Sam-Henderson-cropped.jpg\" alt=\"\" width=\"157\" height=\"180\" \/><\/a><figcaption id=\"caption-attachment-34894\" class=\"wp-caption-text\">Former financial adviser, Sam Henderson<\/figcaption><\/figure>\n<p>The fine was imposed by the Association&#8217;s disciplinary body, the\u00a0Conduct Review Commission (CRC) which, last month, found Henderson had breached the Code nine times (see:\u00a0<a href=\"https:\/\/riskinfo.com.au\/news\/2018\/10\/11\/fpa-finds-henderson-breached-code-of-practice\/\" target=\"_blank\" rel=\"noopener\">FPA Finds Henderson Breached Code of Practice<\/a>).<\/p>\n<p>Henderson, who is no longer a member, did not make an appeal against the findings &#8211; which are <a href=\"https:\/\/fpa.com.au\/wp-content\/uploads\/2018\/10\/ProfessionalAccountability-Actions-Outcomes_Oct-2018.pdf\" target=\"_blank\" rel=\"noopener\">publicly available through the FPA website<\/a>.<\/p>\n<p>FPA Chief Executive,\u00a0<strong>Dante De Gori<\/strong>\u00a0said the FPA Code required members to put their\u00a0client\u2019s interests first and &#8220;&#8230;the\u00a0 CRC has ruled that Sam Henderson did not place his client\u2019s interest first or provide professional service objectively, and imposed sanctions accordingly&#8221;.<\/p>\n<p>The FPA highlighted that the CRC was an independent body comprised of\u00a0experienced members of the financial planning profession and currently chaired by a former presidential member of the Australian Administrative Appeals Tribunal.<\/p>\n<p>The Association also\u00a0encourages its members to read past CRC determinations and to map their advice process to the Code to ensure they were aligned with high professional standards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FPA has fined former high profile financial adviser, Sam Henderson, $50,000 in relation to the multiple breaches of its Code of Professional Practice.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[282,8],"tags":[],"class_list":["post-42976","post","type-post","status-publish","format-standard","category-associations","category-compliance-regulation"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/42976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=42976"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/42976\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=42976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=42976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=42976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}