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ASIC roundup: Illegal phoenix activity and misselling to customers

A pedestrian is reflected in a window as electronic boards display stock information at the Australian Securities Exchange
Photo: Getty Images

Martina Lindberg

4 min read
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The Australian Securities & Investments Commission’s latest actions, July 3 – 14, 2023.

Cigno and BHF Solutions engaged in unlicensed conduct – July 14, 2023

Cigno Pty Ltd and BHF Solutions Pty Ltd have been found engaging in credit activities without holding an Australian credit licence. ASIC has also obtained permanent injunctions against Cigno and BHF Solutions to protect consumers.

When ASIC started its proceedings in

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