ASIC bans bankrupt financial adviser
ASIC has banned Victorian-based financial adviser, Mr Allan Burt Vissenjoux, from providing financial services.
Mr Vissenjoux, who is an undischarged bankrupt, has been banned from providing financial services until 29 May 2016.
The ban expires when Mr Vissenjoux’s bankruptcy ends.
Mr Vissenjoux was most recently an authorised representative of Total Financial Solutions Australia Ltd until 30 October 2013.
Mr Vissenjoux has the right to lodge an appeal with the Administrative Appeals Tribunal for a review of ASIC’s decision to ban him.
Background
Under section 920(A) of the Corporations Act 2001, ASIC can ban bankrupt individuals from providing financial services
Source: ASIC
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