The corporate watchdog says it’s considering a decision to reduce the banning period on two former Macquarie advisers found guilty of misconduct from 10 years to 18 months.

Mark Landau and Marcus Campbell were granted the reduction by the Administrative Appeals Tribunal after they were banned by ASIC from providing financial services for a decade from August 2018.

Two former Macquarie advisers were found guilty of misconduct.

Two former Macquarie advisers were found guilty of misconduct.Credit:Jim Rice

The tribunal found both advisors’ conduct was misleading and dishonest on a number of occasions, including falsifying email exchanges with clients and entering false transaction records into Macquarie’s system.

But according to the AAT, none of Mr Landau’s or Mr Campbell’s clients or the bank suffered a loss, nor did the duo benefit from personal gain.

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