WA financial adviser charged

Perth-based financial adviser Rahul Goel has been charged with four counts of dishonest conduct in the Perth Magistrates Court.

The Australian Securities and Investments Commission (ASIC) alleged Mr Goel engaged in dishonest conduct while carrying on a financial services business, via his company AR Wealth and Finance, in 2019.

ASIC further alleged Mr Goel acted dishonestly in relation to hardship and other applications to superannuation funds on behalf of his customers.

The charges come after ASIC investigated Mr Goel’s conduct when he dealt with potentially vulnerable consumers in relation to their superannuation.

Mr Goel's personal and business assets have been frozen. 

He has also been asked to surrender his passport and is prohibited from leaving the country.

If convicted, Mr Goel is facing a maximum penalty of 25 years imprisonment for each offence.

The matter has been listed for mention before the Perth Magistrates Court for early December.