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ASIC roundup: frozen funds, and life insurers urged to step up practices

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

The Australian Securities & Investments Commission’s latest actions and news, August 18 – 22, 2025.

Frozen assets of Gregory Cotton and First Mutual Private Equity – August 21, 2025

The Federal Court has granted ASIC interim orders to freeze the bank accounts of Gregory Raymond Cotton and his company First Mutual Private Equity Pty Ltd, to safeguard investor funds during investigations.

The orders will also prohibit both parties