ASIC whistleblower action leads to $7.5M penalty for TerraCom
TerraCom Limited will pay a penalty of $7.5 million for whistleblower victimisation, following Federal Court proceedings brought by ASIC.
ASIC
ASIC’s Moneysmart warns of 25% increase in fake celebrity finance endorsements
Well-known personalities whose images have appeared on fake websites include billionaires Andrew ‘Twiggy’ Forrest, Gina Rinehart and Anthony Pratt.
ASIC launches civil penalty proceedings against Equity Trustees
The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings in the Federal Court against Equity Trustees Superannuation Limited.
ASIC obtains Court orders freezing bank accounts of Gregory Cotton and First Mutual Private Equity
Federal Court freezes funds of Melbourne-based Gregory Cotton and his company First Mutual Private Equity Pty Ltd.
ASIC’s investment scam website takedown capability gets expanded
The Australian Securities and Investments Commission (ASIC) is stepping up its action to protect consumers from online investment scams.
ASIC bans former Next Generation Advice adviser for four years
ASIC has banned financial adviser Andrew Rankin from providing any financial services for four years.
Administrative Review Tribunal upholds ASIC’s ban on United Global Capital director
The Administrative Review Tribunal has upheld ASIC’s decision to ban United Global Capital (UGC) director Joel James Hewish for 10 years.
ASIC secures $10M penalty from iSignthis
The Federal Court of Australia has ordered iSignthis Ltd, now known as Southern Cross Payments Ltd, to pay a $10 million penalty.
ASX expects $25M-$35M in additional operating expenses due to ASIC inquiry
ASX expects to incur additional operating expenses of between $25 million and $35 million in FY26 in relation to the ASIC inquiry.
ASIC announces charges against four individuals involved in investment scam
Dimitrios (James) Podaridis, Peter Delis, Bassilios (Bill) Floropoulos, and Harry Tsalikidis have been charged with money laundering offences.
