ASIC has made two orders permanently banning Melbourne-based former director Christopher David Nairn from the financial services and credit industries.

Mr Nairn falsified numerous documents by forging his clients’ signatures which enabled him to misappropriate more than $650,000 in client funds.

ASIC found Mr Nairn’s conduct was illustrative of a person who lacks the honesty, integrity, professionalism and trustworthiness to participate in the financial services and credit industries.

ASIC has permanently banned Mr Nairn from providing any service or performing any function associated with the financial services and credit industries as well as controlling an entity that carries on a financial services business or a person who engages in credit activities.

Mr Nairn opted not to attend a hearing or make written submissions.

The banning took effect on 22 May 2024.