Watch­dog bans Sun­corp-linked fi­nan­cial plan­ner

The Courier-Mail - - BUSINESS -

A FORMER Sun­corp-linked fi­nan­cial plan­ner ac­cused of fail­ing to make rea­son­able checks for clients has been banned from the sec­tor for four years.

Ger­ald Grub­win­kler, 48, was banned by the Aus­tralian Se­cu­ri­ties and In­vest­ments Com­mis­sion from pro­vid­ing fi- nan­cial ser­vices, and has flagged on his LinkedIn page that he is “tak­ing a break”.

At­tempts to con­tact Mr Grub­win­kler, who can ap­peal, were un­suc­cess­ful.

He had been an au­tho­rised Sun­corp rep­re­sen­ta­tive and a di­rec­tor of or­gan­i­sa­tions in­clud­ing City­wide In­sur­ance Bro­kers and Fi­nan­cial Plan­ners, which was also an au­tho­rised Sun­corp rep­re­sen­ta­tive.

ASIC said sur­veil­lance of Mr Grub­win­kler’s ad­vice looked at his work be­tween 2009 and 2016, when he was aligned to Sun­corp. He had failed to act in his clients’ best in­ter­ests, ASIC said.

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