ASIC has permanently banned Mr Brody Glenn Jarman of Yarrawonga, Victoria from providing financial services.

Mr Jarman was banned following an ASIC investigation into his dealings with client money while working as an insurance broker.

In February 2016,  he pleaded guilty in the Cobram Magistrates Court to seven counts of theft totaling $3,133.36, contrary to s74 of the Crimes Act (Vic) 1958.  The thefts occurred between 2012 and 2015 while Mr Jarman was the Insurance Manager for Albury Insurances in Yarrawonga, Victoria.

ASIC was concerned that because of this conduct, Mr Jarman had not complied with the financial services law. ASIC was also concerned that this conduct gives ASIC reason to believe that he is likely to contravene the financial services law and that he is not of good fame or character.

Mr Jarman has the right to appeal to the Administrative Appeals Tribunal (AAT) for a review of ASIC's decision.

Mr Jarman’s banning will be reflected on ASIC’s Banned and Disqualified Persons Register.

Editor's note:

On 16 August 2018, Mr Jarman applied to the AAT for a review of ASIC’s decision.

Editor's note 2:

On 12 February 2019, Mr Jarman withdrew his application to AAT.