ASIC has permanently banned a former Sydney financial adviser following his involvement in 14 failed companies, including an SMSF firm.
ASIC has permanently banned former Sydney financial adviser Daniel Stuart McSweeny from providing financial services.
On 18 December 2018, Mr McSweeny was charged with 20 dishonesty offences and one offence of falsifying books as a company director. An investigation by ASIC led to an allegation that Mr McSweeny had dishonestly transferred or directed others to transfer funds from bank accounts holding client funds.
ASIC also alleged that Mr McSweeny directed an employee to construct a backdated Statement of Advice in response to an investigation being conducted following a complaint.
On 11 February 20…
Read the full article at: https://www.accountantsdaily.com.au/business/15346-asic-permanently-bans-former-financial-adviser
