Court orders Dover advisers to split $1.2M penalty bill
The federal court has dished out a $1.2 million penalty to Dover Financial Advisers as part of the fallout from its 2019 judgement that the stricken licensee engaged in “false, misleading or deceptive conduct” when it provided almost 20,000 ‘client protection’ policies. As part of the ruling the firm’s former sole director, Terence McMaster, has also been ordered to pay $240,000 for being “knowingly concerned” in Dover’s conduct. Dover had its AFSL cancelled by ASIC in September...
New South Wales Terence Mcmaster Justice Michael Obryan Tahn Sharpe Justice Obryan Justice Michaelo Bryan
Source: professionalplanner.com.au