The chairman of collapsed Australian lender Wickham Securities has been banned from financial services as a result of his bankruptcy.

The chairman of collapsed Australian lender [tag|Wickham Securities|]Wickham Securities[/tag] has been banned from financial services as a result of his bankruptcy.

The Australian Securities and Investments Commission banned [tag|Bradley Thomas Sherwin|]Bradley Thomas Sherwin[/tag] from the industry for two years and seven months, which is the period remaining of his bankruptcy. This is unless his trustee extends the period. On 1 May 2013, Sherwin declared himself bankrupt and official trustees were appointed.

In a statement on its website, the ASIC said that Sherwin was given the opportunity to make submissions on why the ASIC should not ban him, but he did not file anything. Sherwin has the right to appeal to the Administrative Appeals Tribunal for a review of the decision. 

He was the director of eight companies that formed a part of a group of firms known as the Sherwin Group, which collapsed in early 2013. The companies are Wickham Securities, Sherwin Financial Partners, DIY Superannuation Services, Wickham Capital, Astor Funds, Reacroft, Blue Diamond Investments and SP Property.