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Former adviser permanently banned from providing financial services for falsifying exam results

By Reporter
March 17 2023
1 minute read
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The Australian Securities and Investments Commission (ASIC) has permanently banned Todd Karamian of Sydney from providing financial services and carrying on a financial services business after he falsified his financial adviser exam result.

ASIC found that in December 2021, Mr Karamian altered his Financial Adviser Certificate from a fail result to a pass result and sent the altered certificate to his Licensee, Bluepoint Consulting Pty Ltd, which was then subsequently provided to ASIC. ASIC also found that Mr Karamian provided personal advice between 31 December 2021 to 9 September 2022 to 11 retail clients when he was not authorised to do so as he had failed the Financial Adviser exam.

The ASIC delegate found that Mr Karamian is not competent and is not a fit and proper person to provide financial services.


The ban prevents Mr Karamian from providing any financial service, controlling an entity that carries on a financial services business and performing any function involved in carrying on a financial services business.

Mr Karamian has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.

Mr Karamian’s banning is recorded on ASIC’s banned and disqualified register.

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