ASIC has banned Perth-based financial adviser Lawrence O’Neill from providing financial services for four years. This follows an ASIC surveillance of Mr O’Neill’s activities when he was an authorised representative of Godfrey Pembroke Limited, owned by National Australia Bank, and Wealthsure Financial Services Pty Ltd. ASIC found that Mr O’Neill failed to comply with financial services laws and is not adequately trained to provide financial services. A review of Mr O’Neill’s advice files revealed that he did not properly consider his clients’ circumstances or objectives and, in some cases, did not consider their ... (full story)