David Eduardo Cubilla permanently banned by ASIC
ASIC has issued two orders permanently banning David Eduardo Cubilla, a financial adviser based in Calamvale, following his conviction for fraud. The conviction stemmed from Mr. Cubilla’s theft of funds from a client’s superannuation account.
Mr Cubilla was an authorised representative of Havana Financial Services Pty Ltd from the 28th of July, 2021 to the 20th of June 2023, then of AMP Financial Planning Pty Ltd (AMP Financial Planning) from July 1st 2014 to June 2nd 2021, of GPL (VIC) Pty Ltd from the 29th of September 2011 to the 22nd of May 2014, and of the A.C.N. 116 900 362 between the 19th of February 2008 and the 29th of September 2011. The crime resulting in the fraud conviction` occurred while Mr Cubilla was an authorised representative of AMP Financial Planning.
ASIC has the authority to permanently prohibit individuals convicted of fraud from providing financial services or engaging in credit activities.
As a result ASIC has permanently banned Mr David Cubilla from:
Providing any financial services
Performing any role in the operation of a financial services business
Controlling an entity that operates a financial services business
Engaging in any credit-related activities
Performing any role related to credit activities
Controlling or working with others to engage in credit activities.
The conviction occurred in June of 2024 and the ban took effect on the 27nth of December 2024, and Mr David Eduardo Cubilla’s details have been added to ASIC’s banned and disqualified register.
This information is based on the ASIC Media Release (25-004MR) from the 24th of January and is true at the time of publishing.
