Latest ASIC News

Financial regulators to appear before House Economics Committee
Societe Generale Securities Australia Pty Ltd receive $30,000 penalty for breaching client money rules
ASIC restricts Smiles Inclusive Ltd from issuing a reduced-content prospectus
ASIC places restrictions on Holista CollTech following continuous disclosure failures
Royal Commission witness and former financial adviser Sam Henderson sentenced
ASIC updates information sheets on new protections under unfair contract terms laws
APRA and ASIC publish latest data on life insurance claims and disputes 20 October
NAB ordered to pay $15 million for dealing with unlicensed home loan Introducers
Federal Court imposes $75 million penalty on OTC derivative issuer AGM Markets and former authorised
Finance broker charged with making a false statement to ASIC
Police arrest man after financial investiment scam
Man arrested following suspected financial investment scam
ASIC succeeds in obtaining orders against Debt Wipeout
ASIC suspends AFS licence of Ballast Financial Management Pty Ltd
Former director pleads guilty to fraud
Regulators urge Australian institutions to adhere to ISDA IBOR Fallbacks Protocol and Supplement
ASIC and Volkswagen Financial Services Australia settle Federal Court proceeding
Court finds in ASIC’s favour against Antares Energy and finds that former director James Cruickshank breached
ASIC bans former St George Bank employee for five years
Former director charged with making a false statement
ASIC bans former property developer from managing corporations for five years
Former Townsville financial adviser sentenced to eight years’ imprisonment
Former responsible manager banned from credit activities following ASIC investigation
Court approves ANZ and ASIC settlement over periodical payment fees
ANZ to pay $10 million penalty for unconscionable conduct over periodic payment fees
WA financial adviser charged with dishonest conduct
Director pleads guilty to breaching directors’ duties
ASIC and RBA announce expectations for CHESS replacement
Former Leighton executive’s successful appeal results in acquittal
ASIC commences proceedings against Allianz Australia Insurance and AWP Australia for alleged misleading sale
ASIC commences proceedings against Cigno and BHF Solutions over unlicensed credit activity
ASIC remakes two ‘sunsetting’ class orders relating to credit
We’re facing an insolvency tsunami. With luck, these changes will avert worst of it
ASIC bans BGC Securities fixed income broker for ten years
Avrohom Kimelman and Don Evans charged with market manipulation offences
Credit to flow to small businesses under plan to remove roadblocks
ASIC restricts certain retail offers of ‘stub equity’ in takeovers to maintain investor protection
Small businesses spared from unnecessary insolvency pain: Ombudsman
Former director charged with making false statement
ASIC extends COVID-19 relief for certain capital raisings and financial advice
ASIC and IOSCO report on conflicts of interest within debt capital raising process
ASIC tells fund managers to be ‘true to label’
Boys’ club barriers create issues for Australian boards
ASIC enforcement update January to June 2020
ASIC cancels AFS licence of Union Standard International Group
ASIC moves against SMSF auditor misconduct 18 September
ASIC notes reporting changes
Australian Competition Tribunal authorises New Energy Tech Consumer Code