An Adelaide-based AMP adviser has been banned for eight years over fraudulent paperwork.

James McCarthy is the sole director of McCarthy Financial Solutions and was an authorised representative of AMP Financial Planning from December 2011 to April last year.

The Australian Securities and Investments Commission (ASIC) found he created and backdated statements of advice and authority-to-proceed documents, and forged clients’ signatures to comply with an AMP internal audit in March last year.

Mr McCarthy did not provide the false documents to clients, and the investigation of his conduct was triggered by AMP.

He has the right to appeal against the decision.