Post: Former financial adviser permanently banned from credit and financial services industries

ASIC has permanently banned former Perth financial adviser John Talbot Wertheimer from engaging in any credit activities and from providing any financial services.

The permanent banning follows Mr Wertheimer’s conviction on 31 January 2023 for engaging in dishonest conduct and providing financial services without appropriate authorisation (23-015MR). Mr Wertheimer was sentenced to a total of 18 months’ imprisonment but released immediately after entering into a recognisance release order in the amount of $5,000 requiring him to be of good behaviour for 18 months. He was also fined a total of $10,000.

Mr Wertheimer is permanently prevented from:

providing any financial services or engaging in any credit activities,
controlling an entity that carries on a financial services business or another person who engages in credit activities, and
performing any function involved in the carrying on of a financial services business or in the engaging in of credit activities.
Mr Wertheimer’s banning is recorded on ASIC’s Banned and Disqualified Register. 

Mr Wertheimer has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.

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