Prasad v Devi [2014] NZIACDT 88 (15 September 2014) [pdf, 182 KB]
...was a breach of clause 1.1(c) of the Code of Conduct. That clause required the adviser to “take reasonable steps to ensure clients’ interests are represented if the adviser cannot for any reason continue as a representative.” When Ms Devi’s licence was cancelled on the basis of an unrelated matter, she failed to meet her obligation to protect her client, despite having been given one week’s grace by the Tribunal specifically for that purpose. [4] The full circumstances are set...