News : ASIC

ASIC

CommSec and Ausiex hit with penalties

November 4, 2022

Swagatalakshmi Roychowdhury

CommSec and Ausiex have been ordered to pay a collective fine of more than $27 million for overcharging brokerage fees.

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ASIC

Dixon Advisory hit with $7.2m penalty

September 23, 2022

Darin Tyson-Chan

Dixon Advisory has had a $7.2 million penalty imposed on it after it was found six of its authorised representatives did not act in their clients’ best interests.

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ASIC, Auditing

Eight auditors fall foul of ASIC

July 15, 2022

Jason Spits

ASIC has taken compliance action against a further eight SMSF auditors by deregistering five and imposing conditions on three between March and June this year.

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ASIC, Investments

ASIC penalises SMSF admin firm

July 1, 2022

Tia Thomas

Squirrel Superannuation Services has been ordered to pay a penalty after ASIC found it falsely marketed investment returns for residential property held via SMSFs.

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ASIC

ASIC prosecutes crypto lender

April 22, 2022

Jason Spits

ASIC has commenced legal action against a cryptocurrency lender it claims was operating without a credit licence.

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ASIC, Cryptocurrency

SMSFs warned over crypto scams

January 28, 2022

Tia Thomas

Cryptocurrency investment scams trapping SMSFs with the promise of high returns have increased, according to ASIC.

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ASIC

ASIC shuts down Gold Coast firm

November 5, 2021

Tia Thomas

ASIC has moved to shut down an unlicensed financial services business it claims misused funds from SMSFs for its own benefit.

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ASIC

Mayfair director cops 20 year ban

April 23, 2021

Darin Tyson-Chan

The Federal Court has banned Mayfair 101 director James Mawhinney from the financial services industry for 20 years.

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ASIC, Investments

Mayfair 101 offering shut down

February 12, 2021

Darin Tyson-Chan

ASIC has been successful in its application to have secured debenture issuer M101 Nominees, promoted by the Mayfair 101 Group, liquidated.

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ASIC

Sam Henderson convicted

October 23, 2020

Darin Tyson-Chan

Former Henderson Maxwell chief executive Sam Henderson has been convicted of issuing defective disclosure documents and dishonest conduct by the NSW Local Court.

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