ASIC permanently bans individual from providing financial services

ASIC has just informed the public that it has permanently banned Desiree Veronica Macpherson from providing financial services.

ASIC found that in relation to Ms Macpherson’s involvement with the development and promotion of the Newman Estate Project in the Pilbara region of Western Australia that Ms Macpherson had engaged in misleading and deceptive conduct, that she was not of good fame or character, that she had engaged in dishonest conduct and that she was involved in a contravention of financial services laws.

Ms Macpherson has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.

ASIC’s investigation is ongoing.


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