ASIC bans former director of Provident Capital Limited

ASIC has banned Mr Trevor John Seymour, a former director of Provident Capital Limited, from managing corporations for three years and providing financial services for three years.

Mr Seymour was a director of Provident Capital from 25 May 1998 to 17 December 2013. Provident Capital went into receivership on 3 July 2012 and into liquidation on 24 October 2012.

Mr Seymour has filed an application with the Administrative Appeals Tribunal (AAT) for a review of ASIC's decision.

ASIC’s investigation is continuing.