Powered by MOMENTUM MEDIA
the adviser logo
Broker

ASIC permanently bans former finance broker

by Reporter2 minute read

ASIC has permanently banned a former Sydney finance broker from engaging in credit activities and providing financial services.

The banning follows an ASIC investigation and criminal action against the finance broker, Jennifer Farias of Elderslie, who pleaded guilty in Sydney's Downing Centre Local Court to three charges of loan fraud.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

ASIC's deputy chairman Peter Kell said: "ASIC's action in this matter demonstrates how serious we are about tackling loan fraud. We won't hesitate to take action against dishonest brokers who falsify documents and remove them from the industry."

Ms Farias has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decision.

More to come.

ASIC permanently bans former finance broker
banned  x
TheAdviser logo
banned  x

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

matt comyn cba speaking ta bzhun1

CBA CEO acknowledges brokers following mortgage growth

The Commonwealth Bank of Australia (CBA) has released its results for the financial year ended 30 June 2022 and...

READ MORE
wif awards 2021 crowd ta giiu3m

Submissions open for Women in Finance Awards 2022

Hosted by Momentum Media, the Women in Finance Awards is returning for its sixth consecutive year to recognise the...

READ MORE
Cameron Poolman ta

OnDeck confirms origination surge following buyout

In early February, OnDeck Australia’s (OnDeck) executives and investors collectively purchased 80 per cent of the...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more