The Australian Securities and Investments Commission has slapped a five-year ban on a Queensland-based former employee of stockbroking firm Patersons Securities, after he made unauthorised trades on a client account and created false records on two further accounts.

Emmanuel Joseph Duvnjak was a representative of Patersons from September 2008 to April 2017, serving as associate director of wealth management.

Asic said that, during April 2016, Mr Duvnjak executed trades on an account contrary to his client’s instructions.

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