A former Westpac adviser has been banned from providing financial services until 2022 by the Australian Securities and Investments Commission (ASIC).

Sudhir Kumar Sinha worked at the bank from 2001 to November 2014 and charged clients fees for services that were not delivered. This occurred during a six-year period.

ASIC says Mr Sinha failed to conduct ongoing reviews for at least nine clients.

“The clients had paid for ongoing advice services and were entitled to receive these reviews,” the regulator said.

ASIC says Mr Sinha’s conduct shows he was not adequately trained, nor competent to provide financial services during his employment with Westpac.

The bank has paid $1.4 million in compensation to 177 of Mr Sinha’s former clients.

After his employment was terminated at Westpac, Mr Sinha worked as an adviser at Synchron, and it is understood he retired before the ban.

ASIC Deputy Chairman Peter Kell says the regulator is committed to improving advisers’ conduct.

“We will act to remove people who do not live up to the high standards expected of financial advisers,” he said.