A Perth-based belongings fundraiser has copped an everlasting ban from ASIC following fraud convictions.
Sean Colville Niven has been completely banned from offering monetary services and products and tasty in credit score actions, after he was once convicted within the Perth Magistrates Court docket for 2 counts of offences opposite to the Chapter Act. The courtroom discovered Niven responsible of creating a declaration that he knew was once false, and for putting off belongings desiring to defraud collectors.
Niven, who had change into identified to ASIC because of his involvement in fundraising from most of the people for belongings traits on behalf of Skyline Residences Melbourne and Seed Fairness Workforce, was once completely banned by means of the company regulator from:
- offering any monetary services and products or enticing in any credit score actions
- acting any serve as concerned within the sporting on of a monetary services and products industry
- acting any serve as concerned within the enticing in of credit score actions
- controlling an entity that carries on a monetary services and products industry or someone else who engages in credit score actions
An individual who’s convicted of a major fraud may also be completely banned by means of ASIC from the monetary services and products and credit score industries underneath the Firms Act and Nationwide Client Credit score Coverage Act.
Niven’s banning will probably be recorded on ASIC’s Banned and Disqualified Sign in.
He has the correct to enchantment to the Administrative Appeals Tribunal for a evaluate of ASIC’s resolution.
