The corporate watchdog has permanently banned a former WA adviser from providing financial services after finding he engaged in dishonest conduct including faking exam results.
The Australian Securities and Investments Commission has permanently banned a former Western Australian adviser from providing financial services after finding he engaged in dishonest conduct including faking exam results.
ASIC today announced it has banned Dashiel Benjo Vee, known as Dash Vee, from providing financial services.
Mr Vee is also permanently banned from controlling an entity that carries on a financial services business or performing any function involved in the carrying on of a financial services business.
In its announcement, ASIC said Mr Vee acted dishonestly by providing a false Financial Adviser Exam certificate to his employer Cojag Pty Ltd.
Cojag trades as Horizon Financial Planners, based on Cedric Street in Stirling.
Mr Vee falsely informed his colleagues and an education provider that he had passed the financial adviser exam, ASIC said.
He was a financial adviser between October 2021 to December 2021, and between March 2022 and 2023, the commission said.
ASIC found Mr Vee misled 24 clients about his having met the education and training standards.
“ASIC found that Mr Vee engaged in conduct that was dishonest and demonstrated the opposite of integrity, sound judgment, trustworthiness, and professionalism,” ASIC said in its announcement.
“ASIC further found that Mr Vee was not fit and proper, nor adequately trained and competent, to provide one or more financial services, and that he was likely to contravene a financial services law in the future.”
Mr Vee can appeal to the Administrative Appeals Tribunal to review the decision.
It is understood Cojag cooperated with ASIC’s inquiries and conducted remediation measures over Mr Vee’s conduct.
