High profile financial adviser Sam Henderson has been found guilty of nine of 10 alleged breaches of the Financial Planning Association of Australia's code of professional practice.
The determination was delivered this afternoon by the FPA's independent disciplinary body, the Conduct Review Commission (CRC).
The association said Henderson will be sanctioned as a result, with the CRC to release details on the sanctions soon.
"The Panel makes no decision at this stage on whether any of the alleged breaches was a minor instance of unsatisfactory conduct," the determination said.
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"The Panel now provides the parties with an opportunity to make submissions as to imposition of any Sanction, in a manner and within the times that are to be advised," the determination said.
Such submissions may also address the costs and expenses of the FPA, it said.
FPA chief executive Dante De Gori said FPA members are required to uphold the highest ethical standards within the financial planning profession.
"Mr Henderson failed to meet those standards," De Gori said.
Henderson was a regular television figure, hosting SKY's 'Your Money, Your Call' and appearing as a finance expert on Channel 10's 'The Project' and Channel 9's 'The Today Show'.
He copped a testy hearing at the Royal Commission on April 26, when he admitted (with reservations) staff had impersonated his clients over the phone to their super funds to gain access to their details.
Also appearing at the Royal Commission was Henderson's former client and Fair Work commissioner Donna McKenna. She said he pushed her to her to roll over into an SMSF managed by his firm, deposit any extra cash with the firm each month and sell down other assets held with another firm.
McKenna reported him to the FPA.
Two months after his Royal Commission appearance, his firm Henderson Maxwell was merged with Pride Advice, following his exit from the industry.