Liberty financial adviser debarred for failing to disclose R1.5 million inherited from a deceased client

Financial adviser Michael Lawrence Andrew was debarred from the financial services industry for failing to disclose a R1.5 million inheritance from a deceased Liberty client. The Financial Services Tribunal dismissed his application for reconsideration, finding that the undisclosed financial benefits created conflicts of interest. Although forgery allegations were inconclusive, the tribunal ruled that Andrew's conduct fell short of honesty and integrity standards.