Former adviser pleads guilty to 5 criminal offences

ASIC confirmed on Thursday (18 November) that Gordon local and current general manager of Accord Partners Ezzat-Daniel Nesseim pleaded guilty to five criminal offences including dishonestly providing three backdated wholesale client certificates to the regulator in an attempt to persuade it to cease or modify inquiries and giving false answers and information to ASIC.

Mr Nesseim, who was permanently banned from providing financial services on 12 March 2018, also pleaded guilty to making use of evidence he knew was fabricated in a hearing with an ASIC delegate and giving false testimony in the hearing.

Following his ban in 2018, Mr Nesseim was also permanently banned from engaging in credit activities on 19 July 2019 after being found “not to be a fit and proper person to engage” in credit activities.

The offences carry penalties of up to 10 years’ imprisonment.

Mr Nasseim has been granted conditional bail and will be committed to the Sydney District Court for sentence.

The matter is adjourned for mention on 10 December.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.