investment properties: The corporate watchdog says Richard Anthony Gardner and his Advanced Wealth Financial Services was providing financial services with no licence or authorisation, according to Nine News Australia. The Australian Investments and Securities Commission says in a statement he set up self-managed superannuation funds to build or purchase new investment properties using specific developers. To improve your experience update it here News National Watchdog guns for Qld mortgage broker By AAP6 05pm Jan 17, 2019Facebook Tweet MailA Queensland mortgage broker is accused of acting as an unlicensed financial adviser when he channelled superannuation clients into property development investments for a fee. The property developers and builders then paid Mr Gardner a fee for the business referral. Mr Gardner and Advanced Wealth Financial Services are not licensed nor authorised to provide financial services, only credit services, ASIC says. The watchdog has begun court proceedings against Mr Gardner and his Brisbane firm.
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