Investment Management regulatory updates from Australia.
ASIC seeks orders against Royce Capital, Royce (Aust) Real Estate, Louie Kortesis and Paul Chiodo for alleged misconduct
ASIC sues Auditeo and auditors over alleged First Guardian audit failures
Federal Court imposes permanent director’s disqualification order against Larry Dawson
Court winds up Capital Guard and appoints liquidators following successful ASIC application
ASIC bans former NextGen Financial Group Pty Ltd directors Nicholas Brookes and Vitorio Turco for three years
ASIC bans Queensland property developer Jack Gould from financial services for 4 years
ASIC secures record $830 million in civil penalties orders and $644 million back to Australians in 2025-26
ASIC warning: Pump and dump scammers intensify use of fake celebrity endorsements
Former MWL financial adviser Christian Henry banned for three years
ASIC cancels AFS licence of Australian Fiduciaries Limited (In Liquidation)
Financial Services and Credit Panel issues registration prohibition order against financial adviser Peter Morrison-Dowd
ASIC suspends AFS licence of Prime Value Asset Management Limited
ASIC Statement of Intent
ASIC bans former MWL financial adviser Nicole Niu for 5 years
ASIC moves to wind up Capital Guard over concerns about investor funds
Federal Court orders First Mutual Private Equity and unregistered managed investment scheme to be wound up
ASIC cancels AFS licence of CFD issuer Trive
ASIC cancels AFS licence of Capital Guard for fake bond sale and other dishonest conduct
ASIC issues DDO stop orders against Stratfund’s Australian Fixed Income Fund
ASIC calls platform trustees to account over persistent failures to safeguard super savings
WA director Trent Bowden pleads guilty to over $1.5 million investor deception
ASIC sues former Keystone Asset Management directors and compliance committee members over alleged Shield failures
Property developer David McWilliams charged over $10 million fraud scheme
Former Metigy CEO David Fairfull sentenced to nine years’ imprisonment
ASIC expands list of known entities involved in lead generation
ASIC helps strengthen the fight against imposter scams in financial services
ASIC and APRA announce FAR changes to reduce administrative burden
ASIC permanently bans Abdullah Popal from financial services and credit
Federal Court orders record $300 million penalties in ASIC’s case over ‘egregious’ Union Standard and CFD operator misconduct
ASIC disqualifies Shashikumari Agrawal, wife of convicted Mansa Group director, from managing corporations for 5 years
ASIC permanently bans former responsible manager Gerard Duffy from providing financial services
ASIC cancels AFS licence of Global Pacific Solutions Group Pty Ltd
ASIC cancels AFS licence of Eden Asset Management Pty Ltd
Fund manager Rodney Forrest re-sentenced to five years and three months’ jail following insider trading appeal
ASIC sues Equity Trustees alleging First Guardian onboarding failures
ASIC continues to ease regulatory burden
ASIC sets financial reporting, audit and sustainability focus areas for FY 2026–27
Former Beacon Minerals project manager Alexander McCulloch pleads guilty to insider trading
ASIC disqualifies Gold Coast director for maximum 5-year period
From anxiety to action: Helping Australians to plan for their financial future
Viva Energy reassesses accounting approach after ASIC review, resulting in $25 million impairment
Former Big Un CEO pleads guilty in insider trading case
ASIC permanently bans Yanhua Chen from the financial services industry
ASIC suspends AFS licence of Oscar Oliver Capital Ltd
Shane Monte Silva banned for five years over flawed Shield and First Guardian advice
ASIC bans former financial adviser Rhys Reilly for 10 years and suspends Conexus Group’s AFS licence
ASIC permanently bans former financial adviser and credit representative Aristotle Papapavlou
ASIC ramps-up action to protect consumers from AI-powered online investment scams
ASIC seeks appointment of receiver to investigate proposed Interprac sale
ASIC bans former ISG Financial Services Limited director Benjamin Godfrey for 10 years
ASIC cancels AFS licence of The Silverfern Group Pty Ltd
ASIC bans former MWL financial services adviser David Lofthouse for 3 years
ASIC cancels AFS licence of Beacon Wealth Pty Ltd
Three public companies fined more than a million dollars for breaching financial reporting and company officer obligations
Former Venture Egg, Reilly Financial and Interprac adviser Nicholas Hogan banned for four years
ASIC applies to wind up 12 companies associated with NSW accountant and former solicitor Christopher Malcolm Edwards
Federal Court declares Macquarie contravened the Corporations Act in relation to Shield Master Fund
ASIC launches financial complaints data dashboard
ASIC disqualifies Victorian director for maximum 5-year period
ASIC disqualifies Simon Raftery from managing corporations for two and a half years
Charges discontinued in Capital Mining Limited matter
ASIC bans former MWL Financial Services Adviser Raluca Terheci for a period of 6 years
Brisbane financial advisor and auditor, Sunny Prakash, charged with multiple counts of stealing and fraud
Additional charges brought against financial services company director
Federal Court finds two Star Entertainment senior executives breached duties, non-executive directors did not breach duties
ASIC files Court action to wind up Liberty Bell Bay after failures to lodge financial reports
ASIC disqualifies NSW director for the maximum period of five years
ASIC disqualifies Victorian property development director Kylie Campbell for 5 years
ASIC secures record $350 million in civil penalties and $583 million back to Australians in second half of 2025
Misconduct reports to ASIC highlight spike in corporate governance issues
ASIC commences new review of advice licensees that use lead generation services
Fundhost pays infringement notice for making misleading representations about Polen Capital Global Growth Fund
ASIC cancels AFS licence of Red Panda Future Wealth Pty Ltd
ASIC cancels AFS licence of Superfast AM Pty Ltd
Charge against NSW director dismissed
ASIC cancels AFS licence of Pulse Markets for serious and sustained breaches of duties
ASIC bans former MWL Financial Services adviser Neil McPherson for 4 years
Former director of NDIS provider charged with dishonesty offences
ASIC action sees FIIG Securities ordered to pay $2.5 million over cyber security failures
ASIC cancels AFS and AC licences of Centre Capital Securities for failure to pay industry funding levies
ASIC permanently bans former NSW financial adviser David Valvo
ASIC takes further steps to support Australians impacted by First Guardian and Shield collapse
ASIC urges super trustees to step up and address serious gaps in anti-scam and fraud protections
Director of Warwick Gold and Impact Gold disqualified from managing corporations for four years
ASIC permanently bans Patrick Nong from the financial services industry
Federal Court orders Australian Unity Funds Management to pay $7 million penalty for failing to confirm product suitability for investors
Brendan Gunn pleads guilty to dealing with money reasonably suspected of being proceeds of crime
ASIC acts against 28 SMSF auditors, flags increased scrutiny on in-house audit breaches
ASIC acts against ESG investment fund responsible entity alleging governance failures and misleading conduct
ASIC cancels Australian financial services licence of Velos Global Markets Pty Ltd
ASIC finds many auditors failing to demonstrate compliance with auditor independence obligations
Victorian man sentenced in Cann Group insider trading case
ASIC Annual Forum to focus on the challenges of a rapidly evolving economy as it returns to Melbourne in November
ASIC’s annual report reveals strong growth in enforcement action and investigations and keen focus on strengthening markets
ASIC bans former Lighthouse Partners director Timothy Archibald for 10 years for fees for no service conduct
ASIC cancels AFS licence of CPG Research & Advisory for ceasing business operations and unpaid industry funding levies
ASIC flags risks in offshore outsourcing after review identifies governance gaps
ASIC sends clear message to super trustees amid glaring retirement communications gaps
Federal Court orders remaining ALAMMC Group companies wound up
Two former Statewide Super executives acquitted on charges of dishonesty offences
Directors of Perth-based financial services company charged over five-year failure to lodge financial accounts with ASIC
ASIC halts offers of TruePillars Investment Trust
ASIC permanently bans Noel Northcott from the financial services industry
ASIC bans MWL financial adviser and investment committee member Wade Spooner for 8 years
Queensland director sentenced for making a false or misleading statement to ASIC
ASIC bans former UGC and MWL financial adviser Jovan Videkanic for 7 years
ASIC cancels licence of Wealth Trail Pty Ltd (In Liquidation)
Auditor of United Global Capital and related entities cancelled by Companies Auditors Disciplinary Board
ASIC secures interim court orders barring Ferras Merhi from financial services activities
Construction industry director charged with breach of director’s duties and providing false and misleading documents
ASIC statement - Clime entities
Perth fraudster Chris Marco sentenced to 14 years imprisonment
ASIC highlights financial reporting and audit findings for FY 2024–25 as part of expanded program of work
ASIC cancels AFS licence of Arrumar Private for licence failures
Charges against Dean Scook, former officer of Rock Mining Australia Limited, have been discontinued
Freezing orders against Gregory Cotton and First Mutual Private Equity continue
ASIC cancels AFS licence of Ricard Securities
Former CEO of AI marketing company Metigy pleads guilty to misleading investors and dishonestly using his position
A roadmap for capital markets to grow our economy
Prime Super pays ASIC infringement notice alleging misleading statements about tobacco investments
HESTA pays ASIC infringement notices alleging misleading statements about carbon emissions
ASIC review raises fresh concerns over risks to retirement savings from poor SMSF advice
Mansa Group director sentenced to imprisonment for more than four years for forgery and dishonesty offences
ASIC announces 2026 enforcement priorities
ASIC takes action against MWL Financial Services, former director Nicholas Maikousis, and Imperial Capital Group Australia over alleged Shield advice failures
ASIC sues SQM Research alleging misleading reports related to Shield
ASIC sues Interprac over alleged Shield and First Guardian licensee failures
ASIC suspends AFS licence of Surety Compliance Limited
Infrabuild companies pay infringement notices for failing to lodge financial reports on time
ASIC suspends AFSL of Centurion Capital Limited
QLD shadow director charged with $8m debt factoring fraud involving Bunnings Warehouse
ASIC cancels AFS licence of Ivy League Capital
ASIC imposes additional conditions on Learn To Trade to address compliance failures
Cbus ordered to pay $23.5 million penalty for serious failures in processing members death benefits and insurance claims
Super trustees urged to accelerate progress on retirement support for members
Banned SMSF Auditor charged with continuing to act whilst disqualified and falsifying documents
ASIC takes contempt action against David McWilliams and Laura Fullarton over alleged freezing order breaches
ASIC calls for feedback on stamp duty and portfolio holdings disclosure requirements for super funds
ASIC calls on Australian companies to adopt better practices to protect whistleblowers
ASIC sues Diversa Trustees alleging failures relating to First Guardian
ASIC takes action against Adelaide-based Colin Oxlade and Spice Capital Partners over unlicensed financial services business
ASIC issues over $2.2 million in infringement notices to 12 large proprietary companies for alleged failure to lodge financial reports
ASIC suspends AFS licence of MW Planning Pty Ltd following failure to replace responsible manager
Former CEO of Bruck Textile Technologies has conviction overturned following appeal
ASIC renews guidance on managing conflicts of interest in financial services
Federal Court appoints receivers over the assets of Gregory Raymond Cotton and First Mutual Private Equity Pty Ltd
Netwealth admits to First Guardian failures and agrees to compensate affected members $100 million
ASIC cancels AFS licence of Rynco Pty Ltd
ASIC bans former MWL financial services adviser and former UGC Head of Advice Louis Van Coppenhagen for 7 years
Federal Court orders $925,000 in penalties against RM Capital and SMSF Club for conflicted remuneration breaches
Federal Court orders $250 million combined penalties against ANZ
Pump and dump scammers put regulators on high alert
ASIC sues BDO Audit and its director Dean Just alleging materially false or misleading audit reports
Directors of collapsed agri-businesses linked to corruption scandal disqualified for maximum 5-year period
Richard Ernest Auricht’s liquidator registration cancellation overturned on appeal, substituted with five-year suspension
Former financial advisor Anthony Torre sentenced to six years imprisonment for fraud and stealing
Former United Global Capital financial adviser Milutin Petrovic’s ban varied to three years
Fund manager sentenced to 6 years’ jail in $3 million Platinum Asset Management insider trading case
Media releases