{"id":55759,"date":"2021-05-11T09:49:11","date_gmt":"2021-05-10T23:49:11","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=55759"},"modified":"2021-05-11T10:37:10","modified_gmt":"2021-05-11T00:37:10","slug":"asic-bans-former-sydney-adviser","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2021\/05\/11\/asic-bans-former-sydney-adviser\/","title":{"rendered":"ASIC Bans Former Sydney Adviser"},"content":{"rendered":"<p>ASIC has banned Sydney-based former financial adviser, <strong>Lisa Lee<\/strong>, from providing financial services for eight years.<\/p>\n<p>A statement from the commission says that Lee was a representative of Australia and New Zealand Banking Group between 5 June 2010 and 15 June 2017 and Infocus Securities Australia between 19 September 2017 and 19 November 2018 and that she is no longer providing financial advice.<\/p>\n<p>ASIC says it found that while a representative of ANZ, Lee &#8220;&#8230;falsely witnessed binding nomination of beneficiary forms for 17 clients, backdated documents, and falsified a client\u2019s signature on documents.&#8221;<\/p>\n<p>The regulator says that financial advisers must act with honesty and integrity in their dealings with clients.<\/p>\n<p>\u201cASIC may ban a financial adviser if it has reason to believe that they are not of good fame or character or likely to fail to comply with the financial services law.\u201d<\/p>\n<p>Lee\u2019s banning has been recorded on ASIC\u2019s publicly available <a href=\"https:\/\/moneysmart.gov.au\/financial-advice\/financial-advisers-register#_blank\" target=\"_blank\" rel=\"noopener\">Financial Advisers Register<\/a> and the Banned and Disqualified Persons Register.<\/p>\n<p>ASIC says Lee has appealed to the Administrative Appeals Tribunal for a review of its decision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ASIC has banned Sydney-based former financial adviser, Lisa Lee, from providing financial services for eight years. A statement from the commission says that Lee was a representative of Australia and New Zealand Banking Group between 5 June 2010 and 15 June 2017 and Infocus Securities Australia between 19 September 2017 and 19 November 2018 and [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":55764,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,3],"tags":[],"class_list":["post-55759","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compliance-regulation","category-general"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/55759","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\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=55759"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/55759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/55764"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=55759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=55759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=55759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}