The Latest Breaking News from ASIC

Cocaine-fuelled adviser 'disgraceful' in duping clients

A financial adviser who ripped off almost $500,000 from clients was a drug user who spent about $3000 a week on cocaine, a court has heard.

AAP · May 31, 2024

Auditor failed to meet ethical standards obligation: watchdog

ASIC also accepted the undertaking from his accounting firm.

The Canberra Times · May 29, 2024

ASIC victory in four-year pursuit of high-fee lenders

Two Gold Coast lenders could face hefty fines after charging over $70 million in fees for less than half that amount in loans issued without a credit licence.

AAP · May 24, 2024

Two cryptocurrency companies collapse owing $160m

Two separate Australian cryptocurrency companies have collapsed while federal court proceedings are being pursued against the directors of the businesses.

AAP · Apr 12, 2024

Software firm fires CEO, says $26m is still missing

Melbourne-based software company Dubber has accused its former CEO and a third-party trustee of misappropriating $30 million with 26.6 million still missing.

AAP · Apr 10, 2024

‘Financial abuse’: how a debit scheme to help vulnerable Australians led to exploitation instead

A Guardian investigation has revealed that Centrepay is exposing scores of welfare recipients to financial harm. Advocates say the government must act now

The Guardian - AU · Apr 5, 2024

Government ignored warnings more than 100 companies may be misusing Centrepay scheme, Asic says

Services Australia’s failure to act ‘inexcusable’ and urgent action needed to help people struggling to get by, senators say

The Guardian - AU · Apr 4, 2024

Directing companies shouldn't be a Sisyphean task: ASIC

The chair of Australia's corporate watchdog has drawn on Greek mythology to call out company directors who think their jobs are too hard.

AAP · Mar 20, 2024

ASIC loses case over comparison site's crypto service

Finder has successfully defended a lawsuit brought by the corporate regulator, which was seeking penalties over its crypto asset-related product.

AAP · Mar 14, 2024

Mining magnate Gutnick banned from managing businesses

Former Melbourne Demons president "Diamond" Joe Gutnick has been disqualified from managing corporations for his involvement in three failed companies.

AAP · Mar 8, 2024