On February 01, 2012 Australian Securities and Investment Commission (ASIC) published that the commission has accepted an enforceable undertaking (EU) from the former operator of the ARP Growth Fund (ARP) permanently preventing him from working in the Australian financial services industry or managing a corporation. Tony Maher, who changed his name from Paul Gresham, entered into the undertaking after an ASIC investigation found, among other things, he engaged in misleading conduct and failed to disclose conflicts of interest, resulting in him gaining financial benefits from various financial deals. Mr Maher owned and controlled PST Management Pty Limited (PSTM), the company that acted as the investment manager of ARP. ARP was a managed investment scheme run by failed fund manager Trio Capital Limited (Trio). In this role he identified and recommended investments for ARP and its predecessor Professional Pensions Pooled Superannuation Trust (PPPST).

The original article can be found at Australian Securities and Investment Commission.