Remaining Trio directors barred for four years
The Australian Securities and Investments Commission (ASIC) has entered into enforceable undertakings (EUs) with the remaining two former directors of Trio Capital, Keith Finkelde and David O'Bryen.
Both men have agreed not to act in any role within the financial services industry or act as a director of any corporations for four years.
Trio investment manager Shawn Richard was recently sentenced to two and a half years in prison for his part in the scheme, and other former directors in January entered into EUs with ASIC
ASIC Chairman Greg Medcraft said ASIC is serious about holding gatekeepers to account.
AUTHOR
Chris Kennedy
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