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21-007MR ASIC bans former Sydney adviser for three years
ASIC has banned Sydney-based financial adviser Jim Pavlidis from providing financial services for three years.
A review of Mr Pavlidis’ advice between 2004 and 2018 found that he failed to provide financial advice that was in the best interests of his clients and to keep proper records. Mr Pavlidis failed to consider the relevant circumstances of each client and left client objectives unaddressed.
ASIC also found that Mr Pavlidis was not adequately trained and did not have a proper understanding of the requirements to competently provide financial services.
Mr Pavlidis has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.
Mr Pavlidis began working in the financial services industry in 1986. Most recently, he was an authorised representative of Consultum Financial Advisers Pty Ltd from January to October 2018 and Meritum Financial Group Pty Ltd from April 2004 to January 2018. He is currently not working in the financial industry.