A former financial advisor in Australia is banned from the industry for 10 years for involvement in a Crypto Assets investment fraud.

Gate News bot message, the Australian Securities and Investments Commission (ASIC) issued a notice to take regulatory action against former financial advisor Glenda Rogan. According to the investigation, Rogan transferred client funds of AUD 14.8 million to an encryption investment eyewash from March 2022 to June 2023. During the investigation, Rogan served as an accountant and financial advisor for Fincare Group in the Sutherland and Wollongong areas. ASIC decided to ban her from engaging in financial services for 10 years. Source: Wu said.

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