The Latest Breaking News from ASIC

We looked into the lobby group taking on rugby star turned would-be senator David Pocock. Here's what we found

Conservative lobby group Advance Australia has independent ACT Senate candidate David Pocock in its sights, with Facebook advertising data revealing that the group's offensive against the former rugby star is disproportionate to its campaigning against any other candidate.

ABC News · May 12, 2022

Cybersecurity risk ruling for fin services

RI Advice Group has breached its licence obligations by failing to have adequate risk management systems to manage its cybersecurity risks, a court has ruled.

AAP · May 5, 2022

Gold Coast fund manager jailed for fraud

A Queensland fund manager who defrauded investors of $299,600 over 13 months from November 2012 has been jailed following a lengthy investigation by ASIC.

AAP · May 3, 2022

Westpac fined $40m for charging fees to the dead

Judge says bank ‘utterly failed to address the issues systematically’ as its total penalties for misconduct rise to $130m

The Guardian - AU · Apr 22, 2022

Buy now, pay later businesses popping up in agriculture industry

If a farmer needs to buy cattle or grain, should they be approved for huge loans within 48 hours? The buy now, pay later industry moves in on farmers who could take advantage of six to 12-month loans.

ABC News · Apr 20, 2022

Legal action launched against Australian companies accused of overcharging the vulnerable for electronics and whitegoods

Asic launches action accusing Rent4Keeps and Layaway Depot of charging interest rates as high as 600% on disguised loans for whitegoods and mobile phones

The Guardian - AU · Apr 12, 2022

Melissa Caddick's suspected death to be investigated by NSW Coroner in September

A coronial inquest into Melissa Caddick's suspected death will begin in September — about 18 months after the 49-year-old fraudster's foot washed up on a NSW beach.

ABC News · Apr 12, 2022

Government urged to allow Asic to decide claims against itself after investors left in limbo

Former speaker says treasurer Josh Frydenberg should authorise corporate regulator to decide claims under compensation scheme for defective administration

The Guardian - AU · Apr 9, 2022

Did ASIC just kill the 'finfluencer'? Corporate regulator cracks down on unlicensed advisers

Social media content creators known as "finfluencers" are hugely popular with young people, but they could end up in jail if they don't shut down.

ABC News · Apr 5, 2022

Find a ‘balance’: How to avoid the pitfalls of social media finance advice

Men are more likely than women to follow financial advice from a social media influencer, research by online trading brokerage Global Prime shows.

The New Daily · Mar 24, 2022