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Regulation

ASIC Warns Fake Moneysmart Pages Harvest Investor Details

  • Australian regulators have identified fraudulent copies of the government's financial education website.
  • Scammers pressure victims with urgency tactics and promises of high returns from small deposits.
Thursday, 16/10/2025 | 07:59 GMT by Damian Chmiel
Regulation

ASIC Removes Nearly 7,000 Scam Sites as Enforcement Actions Jump 50%

  • Australia's financial regulator secured over $120 million in court-ordered penalties during the 2024-25 fiscal year.
  • The agency launched 252 investigations and completed 829 targeted surveillances as part of an operational overhaul.
Wednesday, 08/10/2025 | 06:24 GMT by Damian Chmiel
Exchanges

Cboe Gets Green Light to Break ASX's Grip on Australian Market

  • The ASIC approval allows an alternative exchange to host IPOs and company listings for the first time.
  • The move aims to increase options for companies seeking capital and boost investment opportunities for local investors.
Tuesday, 07/10/2025 | 06:12 GMT by Damian Chmiel
Retail FX

ASIC Cancels Licence of This Offshore CFDs Broker Due to Inactivity

  • Velos Global Markets stopped offering any service under its AFS licence from around May 2024.
  • The broker secured the licence in November 2017, which was cancelled in September 2025.
Friday, 03/10/2025 | 05:28 GMT by Arnab Shome
Regulation

ASIC Traps Investment Boss in Australia as $8M Bond Scam Unravels

  • One scammed retiree reportedly lost $750,000 after investing what he believed were legitimate Macquarie and UBS bonds.
  • In reality, however, no transactions most likely took place.
  • The most concerning aspect is that, despite the alleged fraud, the perpetrators held ASIC authorization.
Tuesday, 23/09/2025 | 05:39 GMT by Damian Chmiel
Institutional FX

“ANZ Betrayed the Trust of Australians”, Faces $161 Million Fine for Misconduct

  • The bank’s misconduct ranged from misreporting to the Australian government to ripping off retail customers.
  • Its actions impacted nearly 65,000 customers.
Monday, 15/09/2025 | 04:40 GMT by Arnab Shome
Regulation

$53M Investor Cash Allegedly Lost To Gambling In Aussie Fund Scandal

  • Federal court extends asset preservation orders amid ASIC investigation into suspected misuse of investor funds.
  • Director Gregory Cotton must disclose financial details as the regulator probes missing investments.
Thursday, 11/09/2025 | 05:53 GMT by Damian Chmiel
CryptoCurrency

High Court Allows ASIC to Challenge Block Earner Over Fixed-Yield Crypto Product

  • The Federal Court found unlicensed conduct but later removed penalties.
  • ASIC is required to cover Block Earner’s legal costs; a hearing date has not been set.
Friday, 05/09/2025 | 04:49 GMT by Tareq Sikder
Regulation

ASIC Admits Its Own Rules Were Too Complex, Deletes 9,000 Pages of Red Tape

  • ASIC seeks stakeholder input on multi-year simplification program.
  • The Chairman says complex rules stifle innovation and raise costs for businesses.
Wednesday, 03/09/2025 | 07:16 GMT by Damian Chmiel
Regulation

Societe Generale’s Aussie Unit Pays Massive Fine After Missing Suspicious Futures Trades

  • The local regulator finds the second-largest ASX futures trader failed to stop clients' dubious orders.
  • Penalty adds to string of enforcement actions targeting commodities market manipulation in Australia.
Tuesday, 02/09/2025 | 06:46 GMT by Damian Chmiel
Regulation

Australian Adviser Gets Six-Year Ban Over Fund Steering

  • Milutin Petrovic found to have misled clients while steering savings into now-liquidated property fund.
  • The case is part of broader enforcement action against his former employer United Global Capital, which has been liquidated.
Monday, 01/09/2025 | 06:08 GMT by Damian Chmiel
Regulation

ASIC Shuts Down Financial Firm Over $155M Fund Scandal

  • The Australian regulator cancels MWL Financial Services' license and bans the director for 10 years.
  • The watchdog found undisclosed conflicts of interest and bonus arrangements that prioritized firm profits over client welfare.
  • The banned director's lawyers immediately challenged the decision, calling it wrong and seeking an urgent tribunal review.
Thursday, 28/08/2025 | 06:05 GMT by Damian Chmiel
Regulation

Australian Watchdog Shuts Down 330 Fake Celebrity Investment Scam Sites This Year

  • ASIC ramps up enforcement as AI-powered fraud schemes exploit billionaire images to target consumers.
  • The regulator has boosted enforcement activity by 50% and expanded takedown capabilities to include social media ads where many scams originate.
Wednesday, 27/08/2025 | 06:54 GMT by Damian Chmiel
Retail FX

Australia Will Now Take Down Social Media Ads Promoting Investment Scams

  • The new capability of ASIC comes in addition to its existing powers to block fraudulent websites.
  • The regulator took down over 14,000 investment scam and phishing websites in the last two years.
Thursday, 21/08/2025 | 04:58 GMT by Arnab Shome
Regulation

Melbourne Gang Funneled Bond Scam Millions Through Crypto Exchanges

  • ASIC claims they moved stolen money through Australian bank accounts and transferred it via digtial assets.
  • The scheme allegedly used professional-looking fake prospectuses to fool investors.
Thursday, 07/08/2025 | 06:51 GMT by Damian Chmiel
CryptoCurrency

Australian Regulator Flags Bitget for 125x-Leveraged Crypto Futures Offerings

  • The crypto exchange does not have a local licence to offer derivative products in Australia.
  • Its website and app are accessible in Australia, but it is unclear whether the platform advertises its offerings in the country.
Monday, 28/07/2025 | 05:27 GMT by Arnab Shome
Regulation

Regulator Claims 9,000+ Clients' Data Hit Dark Web in Security Breach

  • ASIC is suing Fortnum Private Wealth after hackers allegedly stole data from thousands of investors and published it for sale.
  • The watchdog alleges that the company failed to implement adequate cybersecurity measures to protect sensitive client information.
Tuesday, 22/07/2025 | 07:20 GMT by Damian Chmiel
Regulation

ASIC Issues Super Scam Alert as $4 Trillion Investment System Targeted

  • The scammers employ high-pressure tactics to persuade people to convert their retirement savings into high-risk investments.
  • They are also creating fake ASIC websites to steal personal and banking information.
Thursday, 03/07/2025 | 06:11 GMT by Damian Chmiel
Regulation

Investors Locked Out, Directors Locked In: First Guardian Saga

  • ASIC has barred two First Guardian directors from leaving Australia and frozen one director’s assets.
  • Most investors remain unable to access their money while the probe proceeds.
Wednesday, 02/07/2025 | 06:49 GMT by Damian Chmiel
Retail FX

Share Sales Fraud in Australia Jumped 7x in the Last 4 Years

  • Fraudsters hijack the brokerage accounts of legitimate individuals and then sell or transfer those shares to pocket the proceeds.
  • ASIC urged companies and investors to become vigilant towards such scams.
Tuesday, 24/06/2025 | 05:14 GMT by Arnab Shome
Retail FX

Australia’s Main Stock Exchange Is Under Investigation for “Serious Failures”

  • The investigation comes after multiple outages impacted the trading of Aussie stocks.
  • The share price of the stock exchange dropped almost 7 per cent after the announcement of the inquiry.
Monday, 16/06/2025 | 08:08 GMT by Arnab Shome
Regulation

Collapsed Investment Schemes Leave 600 Australians $160M Poorer, ASIC Seeks Emergency Receivers

  • Regulator moves to freeze assets of 31 companies amid investigation into failed investment products.
  • ASIC wants to freeze assets and investigate what happened to investor funds that flowed through a complex web of related entities.
Monday, 16/06/2025 | 06:40 GMT by Damian Chmiel
Regulation

Adviser Banned for 10 Years After $15M Hit Shady UK Platform

  • Glenda Rogan misled investors about cryptocurrency risks while funneling money to a suspicious site outside the country.
  • In the meantime, she informed customers that their funds were being held in safe, fixed-interest accounts.
Thursday, 12/06/2025 | 06:35 GMT by Damian Chmiel
Retail FX

Aussie Regulator Joins Crackdown Against Finfluencers: Issues 18 Notices

  • These finfluencers promote high-risk financial products like CFDs.
  • 41 per cent of young Australians seek financial information or advice from online sources.
Thursday, 12/06/2025 | 04:48 GMT by Arnab Shome
Regulation

This $18.7B Fund Manager Ignored Investor Warnings for 2 Years, ASIC Claims

  • Regulator alleges Unity Funds failed to properly vet investors for mortgage scheme despite collecting questionnaires.
  • According to ASIC, 307 customers were accepted without proper screening, with some losing significant money when underlying loans failed.
Wednesday, 11/06/2025 | 06:02 GMT by Damian Chmiel
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