Melbourne director banned from finance

Melbourne director banned from finance | Australian Broker News

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Melbourne director banned from finance

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Fraud potential prospects to everlasting ban

ASIC has fully banned Melbourne-dependent earlier director Christopher David Nairn from the cash firms and credit score historical past industries.

Nairn falsified varied information by forging his shoppers’ signatures, enabling him to misappropriate much more than $650,000 in client funds.

Lack of integrity and professionalism

ASIC discovered Nairn’s perform indicative of a selected one who lacks the honesty, integrity, professionalism, and trustworthiness important to participate in these industries.

“ASIC has fully banned Mr. Nairn from giving any service or finishing up any performance linked with the financial services and products and credit standing industries as completely as managing an entity that carries on a cash professional companies enterprise or a selected one who engages in credit score historical past capabilities,” ASIC talked about.

ASIC ban environment friendly shortly

The ban took final result on May maybe 22. Nairn opted to not present up at a listening to or make penned submissions referring to his case.

At the time of his misconduct, Nairn was a director of Equus Personal Prosperity and an authorised agent beneath Capstone Economic Planning’s Australian fiscal suppliers license. In between July 2011 and December 2014, he was additionally a credit score consultant of Capstone, ASIC documented.