Financial Planner in Forgery Charge

Australian Securities and Investments Commission

Australian Securities and Investments Commission

The seemingly overworked Australian financial regulator has been called into action again, this time bringing charges against a former Commonwealth Bank Financial Planner.

Following an investigation by the Australian Securities and Investments Commission, (ASIC), Ricky David Gillespie, 38, has appeared in court on one rolled-up charge alleging the forgery of 31 documents.

Gillespie provided advice as a former representative of the Commonwealth Bank of Australia's financial planning subsidiary, Commonwealth Financial Planning Limited (CFPL).

Lifetime Ban

Gillespie was permanently banned by ASIC from providing any financial services in 2012.

ASIC claims that between 1 January 2007 and 13 June 2009, Gillespie, while a Senior Financial Planner based at the Broadbeach Commonwealth Bank branch on the Gold Coast, forged the signatures of a number of the bank's clients to whom he was providing financial advice.

Forged Signatures

Gillespie is alleged to have forged the signatures of clients on documents including applications for financial products and a series of internal CFPL documents.  It is alleged that the purpose of the forgeries was to meet the requirements of the Commonwealth Bank's internal audit process.

The case was adjourned for further mention on 4 July 2016.


Top stories from across the globe

  • The Future of Banking: Truth is Rarely Pure and Never Simple
  • Top Money Manager: «We Avoid Tesla Because of Elon Musk»
  • 1MDB and the Affected Banks: 100 Headlines
  • The Man Who Turned Down Marilyn Monroe
  • The Seven Conditions for Good Succession
  • The (Slow) Death of U.K. Investment Banks

PHOTO GALLERIES Networking Event Networking Event

Show pictures

stars China Symposium 2016

stars China Symposium 2016

Show pictures

Compare my salary

Compare my salary

Feeling Underpaid? Benchmark your salary by job title, company and location. Find out where you stand in minutes.

compare my salary


Newsletter-SymbolFree Subscription

Subscribe to our free newsletter and receive daily email alerts from the finews editorial team with a list of the top featured articles.

Share with us

Do you have any market intelligence to share with – email us on – All communication is completely confidential and strictly anonymous.