Identifying the properties and impact of education on misconduct: Evidence from Australian financial advisers

Ben Oakley Neilson and Steven J. Lee

International Journal of Educational Development, 2024, vol. 105, issue C

Abstract: The Australian financial planning sector has seen recent regulatory changes introduced to address misconduct. One such introduction surrounds increased levels of mandatory financial adviser education. This paper examines the Banning orders between March 2015 and March 2023 to identify relationships between levels of misconduct and education. Analysis of findings supports the validation of education requirements and outlines identifying properties assisting consumer decisions to avoid those advisers affiliated with misconduct. This research further explores avenues to develop the sector’s professionalism.

Keywords: Financial adviser misconduct; Regulation; Higher education (search for similar items in EconPapers)
JEL-codes: G18 G38 G41 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:injoed:v:105:y:2024:i:c:s0738059323002523

DOI: 10.1016/j.ijedudev.2023.102976

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