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Adviser guilty over false education documents

Victorian financial adviser Michael Davie has been placed on a 12-month good behaviour bond without a conviction for submitting false or misleading statements to the Australian Securities and Investments Commission (ASIC).

He pleaded guilty to three charges in the Melbourne Magistrates Court following an ASIC investigation that found he had provided a forged education certificate and a table referring to a qualification that had not been obtained.

Mr Davie submitted the documents in August last year to support an application for an Australian financial services licence.