Statement regarding former Commonwealth Financial Planning adviser
17 May 2016
Commonwealth Bank notes former Commonwealth Financial Planning Limited (CFPL) adviser, Rick Gillespie, has appeared in the Southport Magistrates Court in Queensland on a charge alleging forgery in relation to 31 documents.
Rick Gillespie was employed as a CFPL adviser between May 2006 and June 2009. CFPL reported two breaches regarding Rick Gillespie’s conduct to the Australian Securities and Investigations Commission (ASIC) in 2009 and 2010. He was subsequently permanently banned from providing financial services in 2012.
Commonwealth Bank will not tolerate any unethical behaviour and is committed to addressing all instances of suspected misconduct or criminal activity. We fully support the actions being taken by ASIC in relation to the alleged misconduct.
Culture and ethics are very important to us and we will continue to ensure our systems, policies and processes support high standards of conduct.