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Professional Misconduct

Scott James Dawson


Address: Greenslopes, Brisbane, Qld, Australia
Sex: Male
Occupation: Financial adviser
Date: 20 August 2008


Details



Mr Scott James Dawson, of Greenslopes, Queensland, has been sentenced on 28 August 2008 in the Brisbane District Court to three and a half years imprisonment after pleading guilty to eight charges brought by ASIC. Mr Dawson will serve 10 months of his sentence before being released on a five year good behaviour bond. 

Mr Dawsona former director and secretary of Dawson & Dawson Risk Management Pty Ltd, pleaded guilty to seven counts of dishonestly causing detriment to six clients totalling almost $127,000 between February 2002 and July 2004. Mr Dawson also pleaded guilty to one count of uttering a forged document.

ASIC alleged that Mr Dawson encouraged clients, family and friends to invest in shares, managed investments and superannuation funds. The investments, however, never occurred and Mr Dawson transferred the funds into accounts operated by himself and used the funds for personal expenses.

Mr Dawson has made restitution to the six investors subject to the charges.

Mr Dawson, a former financial adviser, was permanently banned by ASIC from providing financial services on 29 June 2006.

Mr Dawson was formerly employed as an authorised representative of Synchronised Business Services Pty Ltd (Synchronised Business Services). On 7 April 2005, Synchronised Business Services terminated his employment after he failed to comply with the provisions of its Australian Financial Services licence (AFSL). Synchronised Business Services referred the matter to ASIC.

ASIC found that Mr Dawson engaged in dishonest, misleading and deceptive conduct in relation to a number of financial products including superannuation and share advice provided to his clients.