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flag ASIC bans financial adviser John Morgan for five years for false claims about a fund.

flag The Australian regulator ASIC has banned financial adviser John Morgan from the industry for five years, citing inappropriate advice and false claims about the performance of the collapsed Shield Master Fund. flag The ban follows the regulator's broader crackdown on MWL Financial Services, which included cancelling the firm's license and halting investments. flag Affected investors are advised to contact the Australian Financial Complaints Authority for assistance.

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