ASIC has permanently banned Mr Scott James Dawson, of Warner in Queensland, from providing financial services.

Mr Dawson was formerly employed as an authorised representative of Synchronised Business Services Pty Ltd (Synchronised Business Services). On 7 April 2005, Synchronised Business Services terminated his employment after he failed to comply with the provisions of its Australian Financial Services licence (AFSL). Synchronised Business Services referred the matter to ASIC.

ASIC found that Mr Dawson engaged in dishonest, misleading, and deceptive conduct in relation to a number of financial products including superannuation and share advice provided to his clients.

‘ASIC will act quickly to remove people from the financial services industry who fail to act properly when dealing with client funds,’ Deputy Executive Director of Enforcement, Mr Allen Turton said.

Mr Dawson has the right to lodge an application with the Administrative Appeals Tribunal for a review of ASIC’s decision.