Regulator cites breach of client trust and failure to meet compliance standards
Regulatory Crackdown Results in Industry Ban
SYDNEY, Australia – June 13, 2025 — The Australian Securities and Investments Commission (ASIC) has imposed a 10-year ban on former financial adviser Glenda Rogan, barring her from providing or promoting financial services. The decision follows a thorough investigation into her conduct, which revealed multiple breaches of professional obligations under Australian financial law.
Why ASIC Took Action Against Glenda Rogan
According to ASIC’s official notice, Rogan was found to have engaged in conduct that demonstrated a lack of integrity, competence, and professionalism expected of someone in her role. The investigation revealed serious concerns regarding her compliance with the Corporations Act and other regulatory obligations.
ASIC concluded that allowing Rogan to continue operating in the financial sector posed an ongoing risk to retail investors and public confidence. The ban is listed publicly on ASIC’s official register.
ASIC Strengthens Oversight in Advisory Sector
This enforcement action is part of ASIC’s broader initiative to protect consumers and uphold the integrity of Australia’s financial system. By removing advisers who breach ethical and legal standards, ASIC aims to restore trust in the financial advice industry.
“ASIC will take decisive action to protect consumers from advisers who act contrary to the law,” the commission stated in its release.
What This Means for Investors
ASIC urges Australians to verify the credentials of financial professionals through its public databases before engaging their services. Rogan’s case serves as a reminder that unethical behaviour in financial advising is met with strong regulatory consequences.
FAQ
What did Glenda Rogan do?
ASIC found that she engaged in misconduct and failed to comply with key legal standards.
How does ASIC ban financial advisers?
Through investigation, public reporting, and formal disqualification listed on its online registry.
How can I check if a financial adviser is banned?
Use ASIC’s Ban and Disqualification Register for verification.
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This article was created with AI assistance and curated by DNIR Staff for accuracy and editorial standards.
