A WODONGA financial planner banned from giving advice to WAW Credit Union members for a year after rigging a board vote is under investigation.
Neil John Evans, 57, recently admitted in the Melbourne Magistrates Court to using the personal details of at least 499 members to influence the outcome of the 2015 ballot.
His actions led to Timothy Frazer being improperly elected and Tracey Toohey, who should have been voted in, missing out.
The Financial Planning Association of Australia confirmed on Tuesday the matter is under review.
A spokesman said the association could not comment further.
WAW, which had referred customers to Evans, cut ties with him when charges were laid.
The Australian Securities and Investments Commission investigated the matter and does not believe anyone else was involved.
Members of the planning association are bound by a professional code of practice with eight major principles, including placing clients first without putting a personal advantage before the influence of the client.
Members must act with integrity and honesty, fairness, impartiality and professionalism.
“Decisions about whether an FPA member has breached the code and whether they should be sanctioned, are made by the FPA conduct review commission, a panel entrusted with responsibility of determining each case,” the association’s website states.
Evans appears to have been removed from listings of financial planners from the association’s website.
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