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ASIC bans former ANZ financial adviser

AAP logoAAP 12/12/2016

The corporate regulator has banned a former ANZ financial planner after offences that included falsely amending dates and writing clients' names on documents.

The Australian Securities and Investments Commission has banned Sydney-based Andrew TambyRajah for five years.

ASIC said on Monday that Mr TambyRajah, who worked for ANZ Financial Planning between 2006 and July 2014, engaged in misleading and deceptive conduct by creating false documents and falsely amending documents contained on client files.

He wrote clients' names and initials on documents where clients were supposed to do so, changed dates on documents, and created false investor profile forms for two clients by photocopying and amending forms they had signed in previous years.

"Financial advisers are important gatekeepers who must act honestly to increase broader public confidence in the financial services industry," ASIC deputy chairman Peter Kell said.

Mr TambyRajah has the right to appeal against the ban.

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