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ASIC bans financial adviser John Morgan for five years for false claims about a fund.
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.
The ban follows the regulator's broader crackdown on MWL Financial Services, which included cancelling the firm's license and halting investments.
Affected investors are advised to contact the Australian Financial Complaints Authority for assistance.
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ASIC prohíbe el asesor financiero John Morgan por cinco años por afirmaciones falsas sobre un fondo.