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Penalty is one of the highest ASIC has ever obtained for misleading conduct and false or misleading representations relating to financial products and services.
ASIC Act s12DB
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The actions feature new civil penalty proceedings, and seek leave to start proceedings against both companies and an individual.
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The Australian Securities and Investments Commission’s latest actions and news, September 22 – 26, 2025.
The Australian Securities & Investments Commission’s latest actions and news, September 1 – 5, 2025.
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The Australian Securities & Investments Commission’s latest actions and news, June 2 – 6, 2025.
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The Australian Securities & Investments Commission’s latest actions and news, October 7 – 18, 2024.
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The Australian Securities & Investments Commission’s latest actions and news, January 15-26, 2024.
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The Australian Securities & Investments Commission’s latest actions and news, October 16 – 27, 2023.