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ASIC roundup: Charges in Telegram pump and dump group, and permanent ban

Montage of the Australian arms Emu and Kangaroo emblem
GRIP Montage: ASIC/Getty Images

Martina Lindberg

6 min read
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The Australian Securities & Investments Commission’s latest actions and news, June 9 – 13, 2025.

Actions against Financial Services Group Australia and its manager – June 13, 2025

The Australian Financial Services licence of Financial Services Group Australia Pty Ltd, has been cancelled and its Responsible Manager (RM) Graham Holmes has been permanently banned after multiple failings.

Some of the reasons for cancelling the licence included failing to:

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