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ASIC sentences former director of Power Financial Planning to 12 months imprisonment

The Australian Securities and Investments Commission (ASIC) has sentenced  Stephen McArdle, former director of an Adelaide-based company Power Financial Planning, to 12 months imprisonment after being found guilty of aiding and abetting the company to provide financial services without an Australian financial services (AFS) license, according to a statement issued by the commission. This is the maximum penalty that could…

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