The Australian Securities and Investment Commission (Asic) has banned Alfie Chong, a financial adviser and former authorised representative of Meritum Financial Group (Meritum), from providing financial services for five years. Asic reviewed a sample of Chong’s advice as part of a review of advice across 10 licensees in relation to complex retail structured products earlier this year and found a number of conduct or disclosure concerns around the marketing and advice. According to the Australi