Australia’s public and private markets and emerging financial products will form a new pillar of ASIC’s expanded strategic priorities asic.gov.au/about-asic/new…

ASIC Commissioner Kate O’Rourke delivered an address to #insolvency professionals at the Association of Independent Insolvency Practitioners Conference on 22 August asic.gov.au/about-asic/new…

ASIC has made 47 regulatory interventions to address greenwashing misconduct during the 15-month period up to 30 June 2024, including the commencement of two Federal Court proceedings and over $123,000 in infringement notice payments asic.gov.au/about-asic/new…

The Federal Court has ruled Bit Trade, operator of the Kraken #crypto exchange in Australia, failed to comply with the design and distribution obligations when offering a margin trading product to Australian customers brnw.ch/21wM0Sy

Former financial adviser Ben Jayaweera has been sentenced to 12 years imprisonment for defrauding nearly $6,000,000 from clients. The judge described his conduct as ‘brazen, gross, and callous... not only criminal but evil, demonstrating no remorse.’ asic.gov.au/about-asic/new…

Participants in a roundtable on millennials and super convened by ASIC’s @MoneysmartTeam have called on funds to improve services, transparency and access to information asic.gov.au/about-asic/new…

Tony Iervasi has been sentenced to 11 years imprisonment over his involvement in the operation of the Courtenay House ponzi scheme brnw.ch/21wMhLW

Commissioner Simone Constant @NewsAUS last night with a message for #superannuation funds: 'Think of your members as customers.' ▶️ Watch the full clip 9now.com.au/9news-latest-n…

The Federal Court has found the business model used by Rent4Keeps to sell everyday goods such as furniture, electronics and whitegoods breached the Credit Act asic.gov.au/about-asic/new…

We have cancelled the Australian financial services licence of contracts for difference (#CFD) and #ForeignExchange contracts issuer, FXOpen AU asic.gov.au/about-asic/new…

Former financial planner Bradley Grimm has been sentenced to jail over dishonest conduct while running a financial services business asic.gov.au/about-asic/new…

We have released results from the latest #FinancialAdvisers exam. To date, over 19,835 candidates (92%) have passed, demonstrating they have the skills to apply their knowledge of advice construction, ethics and legal requirements asic.gov.au/about-asic/new…

The Federal Court has appointed receivers and new voluntary administrators to Keystone Asset Management, responsible entity for the Shield Master Fund. The receivers are required to secure property and recover investor funds asic.gov.au/about-asic/new…

Our latest #enforcement and #regulatory update provides an overview of ASIC’s work and key matters during the first half of 2024.​  ​​Read the report​ asic.gov.au/about-asic/new…

The former director of Reiwa-Capital, Russell Sandiford, has been sentenced after pleading guilty to two counts of dishonest conduct in connection with a financial product asic.gov.au/about-asic/new…

We are calling on product issuers to ensure distribution practices are up to scratch, with flawed consumer questionnaires being the catalyst for some recent stop orders asic.gov.au/about-asic/new…

⚠️ We are alerting consumers about an emerging trend of unlicensed financial services entities offering suspicious investment opportunities in digital gold vaults asic.gov.au/about-asic/new…

We have issued two interim stop orders on Candy Club Holdings in relation to a prospectus and target market determination (TMD). We were concerned the prospectus did not adequately disclose all required information, and that the TMD was deficient asic.gov.au/about-asic/new…

On our new podcast, Inside ASIC, hear from Chair Joe Longo, Deputy Chair Sarah Court and some of our team about how we’re working to protect Australians from losing their hard-earned money 🎧 open.spotify.com/episode/7Fu0iR…

Former financial services director Mark McCabe has pleaded guilty to dishonestly obtaining over $940,000 from eight victims, using the money for his own benefit such as rental payments, private school fees and various credit card purchases asic.gov.au/about-asic/new…