Skip to Primary Navigation

Skip to main content

ASIC roundup: Illegal phoenix activity, and bank fined A$15m for misleading customers

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

Martina Lindberg

4 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

The Australian Securities & Investments Commission’s latest actions and news, September 25 – 29, 2023.

Penalty for crypto product representations – September 27, 2023

The fintech company Bobbob Pty Ltd has paid A$53,280 ($33,666) to comply with infringement notices regarding promoting a crypto-asset linked investment product. According to ASIC, Bobbob made representations that could have mislead customers by saying that the crypto-asset linked investment product:

  • was approved or
, , , , ,