Between July 2013 and December 2015, Tan, via Noble Consulting, helped four SMEs raise a total of $15.355 million from 145 members of the public.
The Monetary Authority of Singapore (MAS) has issued an eight-year prohibition order (PO) against Nancy Tan Mee Khim for raising funds without a valid license.
Under the PO, which took effect on May 18, Tan, who was managing director of Noble Consulting Group, cannot perform any regulated activity or from taking part in the management of, acting as a director of, or becoming a substantial shareholder of a holder of a capital markets services firm under the Securities and Futures Act.
