Mr Mark Richard McKenzie has been banned by ASIC from providing financial services for three years. He appealed to the Administrative Appeals Tribunal to review this decision, however, the Tribunal affirmed this three year ban.

Mr Mckenzie, a former broker with Citigroup Wealth Advisers Pty Ltd, was found to have possessed inside information about a possible takeover of Vision Systems Ltd, a publicly listed company, and purchased VSL shares on his own account and advised four of his clients to do the same.

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