A lawyer and director of failed finance company National Finance will face a lawyer's disciplinary tribunal, charged with bringing the profession into disrepute.
Anthony Banbrook was sentenced to eight-and-a-half months home detention at the High Court in Auckland last March for making an untrue statement in a prospectus.
The Law Society's standards committee has also questioned Banbrook's fitness to practise after he was found guilty of an offence punishable by prison.
The matter will be heard by the Lawyers and Conveyancers Disciplinary Tribunal.
Spokesperson Mark Treleaven told Radio New Zealand the Law Society waited until the legal proceedings had finished before it acted.
Banbrook's leave to appeal to the Supreme Court was turned down last month.
He was one of three directors of National Finance, which went into receivership in 2006 owing 2,000 investors more than $24 million.