ASIC bans former NAB bank advisor for seven years

Chris Hamblin

8 February 2016

Thompson was employed by National Australia Bank during the time of his misconduct. He was found to have contravened financial services laws and failed to be a fit and proper person to engage in credit activities. Between December 2012 and February 2013, according to ASIC, he engaged in misleading and deceptive conduct by:

preparing and completing 'change of advisor' forms, forging clients' signatures without their knowledge or authorisation;
submitting the false 'change of advisor' forms to mislead the product issuer into transferring general NAB clients to his personal financial planning client list; and
receiving the financial planning remuneration benefit that flowed from the processing of these false forms.