Former NSW Financial Adviser Sentenced to Three-Year Intensive Correctional Order for Dishonesty Conduct

Ezzat-Daniel Nesseim, of Pymble, NSW, has been sentenced to a three-year intensive correctional order, including one year of home detention, for engaging in dishonest conduct and providing falsified documents to ASIC.

Between 16 August 2017 and 11 October 2017, Mr Nesseim engaged in repeated dishonest conduct, including by:

• using three forged wholesale client certificates by providing them to ASIC in an attempt to influence an ASIC officer that they were genuine documents relevant to ASIC's decision about whether to continue its investigation; and

• ​knowingly giving ASIC false answers and information after ASIC questioned Mr Nessim, both under oath and by way of statutory notice, about the forged wholesale certificates.

Mr Nesseim also knowingly made use of other fabricated evidence, including doctored emails and purported witness statements, in a hearing before an ASIC delegate. In that hearing, Mr Nesseim knowingly gave false testimony under oath.

Mr Nesseim is currently the General Manager of Accord Partners, a business operated by Foresight Enterprises Pty Ltd, of which Mr Nesseim is the sole director. At the time of the offending, he ran a financial services business called Smart Financial Strategies. As a result of his conviction, Mr Nesseim is automatically disqualified from managing corporations for a period of five years from the date of his conviction.