The Australian Securities and Investments Commission has banned a former Perth-based financial adviser from providing financial services for 10 years, while an ex-Commonwealth Bank financial planner has pleaded guilty to forging client signatures.

Sergio Nicolo Belardo worked for BBY from 2013 until 2015 and was under investigation from Asic for the management of a number of the company’s client accounts.

Under Mr Belardo’s advice, the clients had engaged in an investment strategy that entailed selling call options while buying put options as downside protection.

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