ASIC has permanently banned Mr Mark William Clough, of Burwood Victoria from providing financial services.

This follows an ASIC investigation into Mr Clough’s dealings when he operated an insurance consultancy business which traded as Muir Sturrock Pty Ltd and Muir Sturrock Consulting.

ASIC found that Mr Clough engaged in dishonest conduct between August 2000 and July 2005 when he received a total of $43,500 from a client to for the purpose of obtaining income protection insurance policies, but instead, retained the funds for his personal use.
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