Tony Maher – formerly known as Paul Gresham – has been handed the jail sentence in the District Court of NSW after pleading guilty to 20 offences including making false statements to the market.
Mr Maher is a former owner and director of PST Management, which acted as investment manager of the ARP Growth Fund.
“Mr Maher’s conduct fell below an acceptable standard,” said ASIC’s John Price in a statement.
“Gatekeepers, like directors, company officers, auditors, investment advisers and financial planners, who think they can flout the law, should think again.”
The jailing of Mr Maher follows the jailing of former investment manager of the Astarra Strategic Fund Shawn Richard.
More than 11 people have been removed from the industry since ASIC's investigation began on 2 October 2009.
