Regulatory Alerts2025-07-30
ASIC bans Ian Potter for five years for failure to supervise provisional relevant provider
ASIC has banned Ian Potter from providing financial services for five years due to his inadequate supervision of a provisional relevant provider at Superannuation Advice Australia. The regulator found that advice provided under Mr Potter's supervision was not in clients' best interests, relied on templated documents, and failed to make reasonable inquiries into individual circumstances. This banning order, effective from 25 July 2025, holds Mr Potter liable for the contraventions committed by the provisional provider he was required to oversee.
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