P>Mr Mousa is the manager of BDO Private Wealth (NTH QLD) Pty Limited and an authorised representative of Australian Financial Service Limited.
During the periods between 10 August 2007 and 23 August 2012 ASIC held concerns that Mr Mousa did not demonstrate that he had a reasonable basis for some advice provided or that he had determined the risk tolerance of clients before providing advice.
This included clients seeking advice over superannuation funds and switching financial products.
Under the EU, Mr Mousa has agreed to supervision requirements over the next two years for any financial services he provides to clients.
The supervision, audit and review of Mr Mousa's services will be conducted by an independent senior financial planner, to be approved by ASIC.
He has also agreed to undertake specified courses of professional development within the next six months.
Mr Mousa has been in the financial services industry for seven years and was previously an authorised representative of Infocus Securities Australia Pty Ltd and Storm Financial Ltd.
