Скачать или смотреть Financial Adviser Misleads Clients: Licence Cancelled in New Zealand

Financial Adviser Misleads Clients: Licence Cancelled in New Zealand

financial adviserlicence cancelledmisled clientsFinancial Markets Authorityinsurance fraudNew ZealandChristchurchHope Group LimitedJunpu Wangduplicate policiescommission fraudfinancial misconduct

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Financial adviser licence cancelled
Financial Markets Authority
Misled clients insurance fraud
Christchurch-based Hope Group Limited had its full financial advice provider licence cancelled for seriously misleading clients.
The authority found deliberate departures from standards, including submitting duplicate insurance policies with false information.
Sole director Junpu Wang obtained $37,374 in commissions by recommending ineligible second policies.
Clients overpaid $5,342.34 for duplicate premiums on life, health, income protection, trauma, and disability insurance.
Wang denied allegations and blamed others, but faced deregistration and police report.
Learn about protecting yourself from financial advice misconduct in New Zealand.
Financial integrity market protection
News on financial misconduct

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