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ASIC roundup: A$1m penalty for order information transparency failure, and liquidator sentenced

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GRIP Montage: ASIC/Getty Images
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Martina Lindberg

4 min read

The Australian Securities & Investments Commission’s latest actions and news, March 4- 8, 2024.

Liquidator sentenced for dishonestly withdrawing company funds – March 8, 2024

Ronald Lester Cardwell has been convicted and sentenced to 24 months imprisonment (to be served by way of intensive correction order) after dishonestly withdrawing company funds. During the intensive correction order, Cardwell must also complete 150 hours of community service, and is

ASIC found

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