Regulatory Alerts2025-07-11
ASIC permanently bans former insurance broker Jason Prasad
The Australian Securities and Investments Commission has issued a permanent ban against former insurance broker Jason Damien Prasad following his conviction for fraud. The order prohibits Prasad from providing financial services, controlling entities in the sector, or performing functions for such businesses, with the ban taking effect on 3 July 2025. This regulatory action stems from Prasad's dishonest obtaining of financial advantage through deceptive insurance documents while acting as a director and authorized representative for J&P Capital Insurance and PSC Connect.
Share