Latest Australian Securities and Investments Commission News

Former BitConnect promoter John Bigatton pleads guilty
ASIC restricts three listed companies from issuing a reduced-content prospectus
ASIC announces 30 June 2024 focus areas and expanded program to support financial reporting and audit quality
ASIC welcomes Ministerial determination to progress competition in clearing and settlement reforms
ASIC issues information for unlicensed entities making unsolicited contact with consumers
ASIC cancels Octillion Partners AFS licence
ASIC permanently bans former financial adviser
AAT upholds permanent ban on former NSW based adviser
ASIC Investigation Regarding 2023 AOFM Bond Issuance
Brett Paul Trevillian pleads guilty to making false documents
Western Australian directors convicted for failing to have director identification numbers
ASIC freezes assets of Brisbane financial advisor
ASIC calls on super trustees to improve gatekeeping of member savings
JP Morgan Securities $775,000 penalty for market gatekeeper failure
ASIC issues warning over dodgy cold calling operators and online baiting tactics
Exposing high-pressure cold calling tactics and social media click-bait leading to superannuation switching
ASIC consults on updated guidance for carbon market participants
ASIC and UK Financial Reporting Council sign agreement to recognise audit qualifications
Henry Heng sentenced for failing to disclose interests as a company director
ASIC wins first court outcome regarding a non-cash payment facility involving crypto assets
Opinion Piece: Older Aussies Losing Too Much To Scams
Experienced barrister Tim Faulkner SC appointed to NSW Supreme Court
Scam alert: Scammers are changing the way they impersonate financial services businesses in sophisticated bond and term deposit scams
Financial Services Licensee sentenced for failing to lodge annual financial reports
ASIC protects small business by disqualifying four directors for failures relating to the management of small proprietary companies
Improving superannuation member services – Dealing with death benefit claims
ASIC sues Magnis and Frank Poullas over disclosure failures
ASIC releases summary document for identifying and supporting First Nations consumers experiencing financial abuse
Appointments – Members, Takeovers Panel
Southern Steel Group Pty Limited re-lodges FY23 financial report with comparatives
ASIC and APRA release notes on latest Superannuation CEO Roundtable
APRA and ASIC release notes on Superannuation CEO Roundtables – March 2024
NSW financial adviser Adele Baaini permanently banned from credit and financial services industries
ASIC releases March 2024 financial adviser exam results
ASIC orders end to Centrepay credit arrangements in Urban Rampage stores
No-action position on financial reporting obligations of special purpose financing subsidiaries and their guarantors
Former Victorian director charged with breaching his director duties and making false statements to ASIC
Henry Eng Chye Heng sentenced to 18 months’ imprisonment for misleading share trading
ASIC cancels AFS licence of JB Markets
Macquarie Bank to pay $10 million for failure to properly monitor system for third-party fee withdrawals from customer accounts
ASIC appeals Federal Court findings relating to unfair contract term in insurance contracts by Auto & General
ASIC disqualifies QLD construction director for 5 years
ASIC insolvency data shows increase in companies failing
Adam Blumenthal ordered to pay $850,000 and disqualified for five years for market rigging and directors’ duties breaches
Changes to the Executive Leadership Team
Court finds Sunshine Loans charged customers prohibited fees
ASIC obtains Federal Court orders appointing receivers over digital currency assets of blockchain mining companies
ASIC consults on misconduct reporting guidance for external administrators and controllers