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A Mudgee mortgage broker has been permanently banned from providing financial services after he was found to have engaged in misleading conduct.
Formerly a broker with Quest Home Loans, Edward Richard George was found to be not fit and proper or of good character by ASIC.
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ASIC found that on two occasions between March and July 2011, Mr George falsified and submitted eight documents for four deposit guarantees and one home loan.
The applications were for himself and four clients. The false documents included loan approval letters, employment letters and payslips.
“Mr George’s dishonest conduct is incompatible with the honesty, integrity, diligence and judgement that is required of those in the industry,” ASIC deputy chairman Peter Kell said.
