The corporate regulator has banned a financial adviser from Perth’s northern suburbs, months after two fraud convictions. Mark Raymond Sebo was convicted for stealing from his clients’ superannuation funds last year, and the Australian Securities and Investments Commission announced he had been permanently banned on Tuesday. The Yanchep-based adviser was a director of Platinum Perpetual Global Private Wealth — which held a financial services licence for one year. The licence was cancelled at the request of the company in 2019, following action by WA Police. Mr Sebo was convicted in September 2023 on 36 counts of stealing, and sentenced to five years’ prison. He is eligible for parole after three years. Reports from September 2023 said Mr Sebo stole more than $1 million of cash from clients. That included $647,000 from one couple. The man was 42 at the time of his sentencing, when it was reported he made 36 transactions over a 10-day period, mostly moving the cash into online accounts with gambling companies.