Former NAB financial adviser charged

Following an ASIC investigation, Max Kiattisak Eung of Tempe, NSW, has been charged with two offences of obtaining financial advantage by deception. 

ASIC alleges that between March and December 2016, Mr Eung dishonestly obtained a financial advantage of funds totalling $166,500 from accounts held with MLC and Nulis Nominees (Australia) in circumstances where the account holders did not authorise the withdrawal of those funds from their accounts. 

Mr Eung was an authorised representative and financial adviser of NAB from 21 May 2015 to 20 December 2016.

He was permanently banned by ASIC from providing financial services and engaging in credit activities in June 2018.

The offences each carry a maximum penalty of 10 years imprisonment.

The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.