A former New South Wales adviser has been permanently banned by the Australian Securities and Investments Commission (ASIC) for engaging in dishonest conduct.
Ezzat-Daniel Nesseim was permanently banned from being involved in the operation of a financial services business or controlling, alone or with others, an entity that operated a financial services business.
This followed his conviction for engaging in dishonest conduct in May 2022, providing forged documents to ASIC and lying to ASIC when questioned about those documents.
This month’s ruling was an extension of previous bans in order to “further protect consumers”, ASIC said.
Nesseim had previously been banned in 2018 from providing any financial services and in July 2019 from engaging in credit activities.
He had the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.
