Brought to you by:

ASIC bans ex-Guardian adviser for overselling

A former Guardian Financial Planning adviser has been banned for seven years after persuading clients to buy multiple life insurance policies through their superannuation funds.

Robert Gunner of Brisbane failed to comply with financial services laws, according to the Australian Securities and Investments Commission.

Between January 2014 and February last year, he received commissions from insurers for the policies and passed these onto clients after covering his expenses, ASIC says.

To do this, he created insurance application forms, client file notes, client profiles and statements of advice that contained false information.

Mr Gunner worked at Guardian from February 2013 until May last year.