Regulatory Alerts2025-07-23
ASIC permanently bans Matthew Beresford from engaging in financial services and credit activities
The Australian Securities and Investments Commission has issued permanent banning orders against Matthew Beresford for using a false identity and fraudulent bank accounts to illegally offer financial advice and services. Beresford, who pleaded guilty to false document and proceeds of crime offences resulting in an 85-day prison sentence, caused investors to deposit approximately $374,000 into unlicensed accounts. This regulatory action, taken under the National Consumer Credit Protection Act and the Corporations Act, aims to uphold honesty in the financial sector and has been recorded on ASIC's banned and disqualified register.
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