Business
Sam Henderson avoids jail, fined $10,000 – The Australian Financial Review
The high-profile royal commission witness received a two-year good behaviour bond and was fined for two counts of defective disclosure and one count of dishones…
The Hayne royal commission also famously heard that Henderson’s firm had advised client Donna McKenna, a Fair Work Commissioner, to transfer her superannuation savings into a self-managed fund.
Had she followed that advice, Henderson Maxwell would have collected extra fees but she would have immediately forfeited $500,000, the commission heard. It was also alleged that one of the firm’s staff members impersonated Ms McKenna in a phone call to her super fund.
“As a financial adviser, Mr Henders…
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