Metal Alpha director Brett Paul Trevillian has pleaded guilty to forging portfolio performance verification reports when he was the investment manager of AlphaThorn, falsely verifying or claiming a history of investment returns bit.ly/4dBSlBS

Two WA directors have been convicted and fined $5,000 each for failing to comply with #DirectorID requirements bit.ly/4bsjtSb

We have commenced urgent proceedings against financial adviser Sunny Mahendra Prakash and his related companies. We are currently investigating the businesses, including in connection with financial advice and activities on client trading accounts bit.ly/3QBQN16

ASIC Commissioner Alan Kirkland joined Gary Adshead on 6PR Perth this week to expose the dodgy tactics of cold-calling operators luring consumers into receiving inappropriate #superannuation switching advice. Listen to the full segment bit.ly/3UxlJAK

Following an ASIC investigation, the Markets Disciplinary Panel (MDP) has fined J.P. Morgan Securities Australia $775,000 for permitting 36 suspicious orders to be placed on the futures market bit.ly/3Wxhbga

ASIC is calling on superannuation trustees to renew efforts to protect members from unscrupulous operators amid evidence of inadequate oversight of advice fee deductions bit.ly/4dwzeJy

ASIC is warning consumers to be wary after an ASIC review identified some cold calling operators using high-pressure sales tactics and online click-bait advertisements to lure consumers into receiving inappropriate superannuation switching advice bit.ly/4dw2hgw

We are consulting on proposed updates to our regulatory guidance for #carbon market participants to address legislative reforms and regulatory changes since we last issued guidance – particularly Australian Carbon Credit Units ( #ACCU ) asic.gov.au/about-asic/new…

ASIC CEO Warren Day is on ABC Melbourne with Raf Epstein this morning, talking about how to make complaints about financial products and services, and what to do if you’re not happy with the result of your complaint. Listen live from 10am AEST abc.net.au/listen/live/me…

The Federal Court has found BPS Financial engaged in unlicensed conduct over a non-cash payment facility which used a #crypto asset token called Qoin asic.gov.au/about-asic/new…

ASIC is alerting consumers to new ways scammers are offering fake bond and term deposit #scams – increasingly by impersonating legitimate businesses. Be alert to the warning signs asic.gov.au/about-asic/new…

ASIC Chair Joe Longo addressed the RIAA Conference Australia, outlining ASIC’s approach to #SustainableFinance and #greenwashing , and our support for internationally aligned, mandatory climate-related financial disclosure in Australia asic.gov.au/about-asic/new…

#RIAAconf2024

Over January–March 2024, we banned four directors from managing corporations following their role in the collapse of multiple small proprietary companies bit.ly/3WmDs0d

ASIC is calling on superannuation trustees to urgently consider whether their arrangements for dealing with death benefit claims are fit for purpose bit.ly/3UmKXSn

ASIC Chair Joe Longo appeared before the Parliamentary Joint Committee on Corporations and Financial Services on 30 April, alongside ASIC Commissioners and senior leaders. In his opening statement, the Chair emphasised our strong #enforcement record bit.ly/3WfI8oF

ASIC has launched civil penalty proceedings in the Federal Court against Magnis Energy Technologies Limited, alleging the company failed to disclose material information about its self-described “flagship” lithium-ion battery manufacturing facility bit.ly/3Qo2Oan

We have published a summary document from our workshop on identifying and supporting #FirstNations consumers experiencing financial abuse. The workshop focused on assisting industry sectors to build their understanding, and positive steps they can take bit.ly/3UCQ1U0

Listen live as our Acting Senior Executive Leader Corporate Finance, Amanda Zeller, speaks with Hilary Harper on RN's Life Matters program. She explores what our latest Moneysmart research reveals about the stress young women experience with finances abc.net.au/listen/live/ra…

We have released results from the March 2024 #FinancialAdvisers exam cycle, the first to reflect recent changes to improve the delivery and accessibility of the exam. To date, over 21,000 individuals have sat the exam, of which 92% have passed bit.ly/3y3Hq3y

In the first use of a final stop order under the design and distribution obligations regime, we have ordered that Urban Rampage owner, Coral Coast Distributors, can no longer sign up customers into Centrepay credit arrangements bit.ly/3w6kqR9