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June 30, 2015 3:03 pm

Australian Financial Adviser Loses License After Antisemitic Tirade Against Jewish MP

avatar by Shiryn Ghermezian

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Financial adviser James Howarth went on an antisemitic tirade against a Jewish MP. Photo: Twitter.

Financial adviser James Howarth went on an antisemitic tirade against a Jewish MP. Photo: Twitter.

An Australian financial adviser had his professional license revoked after he spewed an antisemitic tirade against a Jewish member of Parliament, the UK’s Daily Mail reported on Monday.

James Howarth posted on Twitter a series of racist comments calling Australian Assistant Treasurer Josh Frydenberg  a “tinkering Jew,” a “central planning Jew,” and accusing the politician of “tendencies toward Communism.” 

“Get your Josh Frydenberg ‘Central Planning Jew’ punching bag AB. I ordered 5000 in on the next Cargo flight out of ShenZhen,” Howarth said on Sunday in a Twitter post, which has since been removed.

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His continued his tirade, saying:

James Howarth's antisemitic rant. Photo: Twitter.

James Howarth’s antisemitic rant. Photo: Daily Mail.

James Howarth's antisemitic rant. Photo: Twitter.

James Howarth’s antisemitic rant on Twitter. Photo: Daily Mail.

Following the outburst, Howarth’s licensor, Libertas Financial Planning, terminated his status as an authorized representative, calling his actions inappropriate, according to the Daily Mail. He will also face disciplinary review under a ​financial planner ​representative body.

Howarth later defended his “right to free speech” in an interview with The Australian. However, while talking to the Courier Mail on Sunday he apologized for his remarks and said he was shocked they were “inadvertently taken as antisemitism.”

“I am honestly very sorry if anyone in the Jewish community was offended,” he said. “My comments were directed at continued government interference in the marketplace, one that the life insurance companies have convinced the Government that they are the victim of.”

Frydenberg, who is the first Jewish Liberal elected to the House of Representatives in Australia, was targeted for supporting proposed changes which cut upfront commissions for financial advisers.

Frydenberg commented on Howarth’s tirade saying, “This nasty, personal and ­derogatory language is not becoming of a financial adviser, let alone anyone else, and is completely over the top.” He has since blocked the financial adviser on Twitter.

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  • James Howarth

    This is clearly defamation. I will have MY lawyers contact you soon. I never lost my licence.

  • Mike P.

    There are certainly insurance products with crazy-high commissions.

    Most sectors require full disclosure of commissions and, absent outright limitation on insurance commission percentages, at a minimum, the insurance industry needs to be required to fully disclose all commissions and incentives.

    The insurance sector does not deserve any exclusive privilege in this regard, and the customer deserves full disclosure.

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