Former Perth financial adviser banned for 10 years

The Australian Securities and Investments Commission has banned a former Perth-based financial adviser from providing financial services for 10 years, while an ex-Commonwealth Bank financial planner has pleaded guilty to forging client signatures.

Sergio Nicolo Belardo worked for BBY from 2013 until 2015 and was under investigation from Asic for the management of a number of the company’s client accounts.

Under Mr Belardo’s advice, the clients had engaged in an investment strategy that entailed selling call options while buying put options as downside protection.


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Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
366thANZ Banking Group9%14%
466thCommonwealth Bank-7%14%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar


5th-Commonwealth Bank$27,005.0m
8th↓ANZ Banking Group$21,071.0m
76 listed non wa companies ranked by revenue.
Source: Morningstar

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