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ASIC roundup: Unlicensed credit activity, adviser banned, director disqualified

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

Martina Lindberg

5 min read
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The Australian Securities & Investments Commission’s latest actions and news, May 20 – 24, 2024.

ASIC wins against Cigno Australia and BSF Solutions – May 24, 2024

Cigno Australia Pty Ltd and BSF Solutions Pty Ltd have been found by the Federal Court to have engaged in credit activity without an Australian Credit licence and charged consumers prohibited fees.

Cigno Australia director Mark Swanepoel and BSF Solutions director

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