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ASIC roundup: Consumers misled, and changes to Executive Leadership team

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

The Australian Securities & Investments Commission’s latest actions and news, October 7 – 18, 2024.

Slew of licences cancelled – October 11, 2024

Two financial services licences and 11 credit licences have been cancelled by ASIC. The licence holders were required by law to be members of the Australian Financial Complaints Authority (AFCA). That members gives consumers access to an independent dispute resolution scheme. ASIC works with AFCA to