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ASIC bans person who made false Facebook investment claims

A person from a Sydney-based investment business has been banned from providing financial services after he persuaded investors to invest money with him on the false grounds that he had access to an exclusive deal involving the Facebook initial public offering.

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Read more: Ishan Seenar SappideenASICFacebookFacebook IPO claimsAdvantage Futures LLCAdviserASIC SappideenAustralian SecuritiesBellevue HillFacebook investment claimsInvestments CommissionRegulatory