Bankrupt adviser gets nine month banBY STAFF WRITER | TUESDAY, 3 DEC 2013 12:05PMThe Australian Securities and Investments Commission (ASIC) has banned a Queensland-based financial adviser from providing financial services after becoming an undischarged bankrupt. Related News |
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David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.







So what sort of justice is that, how does that possibly send any sort of message. He gets a 9 month paid holiday via investors money and then can do it all again. There are so many crocks in the QLD area dealing in the US its embarrassing.
He traded allegedly under different names and was perhaps still is working with other real-estate agencies within QLD, this is absolute madness.
These guys in this position of responsibility should be made to pay it ALL back or stripped for of being able to practice until such time as they have or are making an attempt via regular sensible payments. If they have been made a mistake how come they can't get-out free. If the stock market crashes (and that is said to be high risk) no one will let me walk away from that,
ASIC need to grow up and the law needs to support that endeavour if you really want to clean this up.