ASIC accepts Brisbane adviser’s court EU
The Australian Securities and Investments Commission (ASIC) has acknowledged a court enforceable undertaking lodged by former director and financial adviser, Gregory Blackaby.
Previously from Acquire Strategic Advisers Pty Ltd and based in Brisbane, Blackaby was found following an ASIC investigation to have not kept sufficient and up-to-date records of his services provided to clients, which they were entitled to.
Blackaby was also an authorised representative of Capstone Financial Planning, with which his clients are also the subjects of a remediation program that has refunded over $500,000 to date.
Under the terms of the undertaking, Blackaby has agreed he will not:
- Carry on a financial services business.
- Provide financial services, or
- Act in a managerial capacity of any entity operating a financial services business or providing legal, accounting or other advisory services to a financial services business.
He is also obliged to notify all clients of the remediation program and their rights to lodge a complaint with the Australian Financial Complaints Authority (AFCA) if their dispute cannot be resolved.
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