Financial advisor banned from working for 10 years for transferring $9.6 million to a crypto scheme
From March 2022 to June 2023, Australian financial consultant Glenda Rogan transferred $9.6 million of her clients' funds to the Financial Centre platform.
She promised clients 'high-yield fixed interest accounts,' but in reality, the investments went into cryptocurrency. The Australian regulator acknowledged that Rogan misled her clients.
For these violations, the regulator banned her from working in the financial sector for 10 years.
