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ASIC wins travel ban, citing possible $640M in Keystone, Falcon investor losses
ASIC 2025-07-17 11:36 pm By Cindy Cameronne

ASIC has won travel bans against two people who are being investigated over their links to Keystone and Falcon Capital funds, which are suspected of misusing investor money, after the regulator claimed losses could be “catastrophic”. 

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ASIC opposes late evidence in novel case over CFDs
ASIC 2025-07-16 11:59 pm By Cindy Cameronne

ASIC has opposed a bid by online investment platform eToro to rely on late expert evidence in the regulator’s first-ever action alleging breach of obligations in designing and selling financial products over high-risk contracts for difference.

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BBY chairman Glenn Rosewall latest to face charges
White Collar 2025-07-15 11:14 pm By Christine Caulfield

The former chairman of BBY has been charged with aiding and abetting dishonest conduct while head of the board at the defunct stockbroking firm.

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Berndale Capital director jailed after admitting to misuse of funds
Financial Services 2025-07-15 11:51 pm By Christine Caulfield

A former director of collapsed Melbourne derivatives broker Berndale Capital Securities will spend a year in jail after pleading guilty to offences connected to his misuse of company funds.

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Construction PRO
Construction insolvencies jump 20 per cent: report
Construction 2025-07-15 11:56 pm By Andy Sidler

Administrator appointments for construction companies leaped 20 per cent in the latest financial year, according to data released by the corporate regulator.  

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Payday lenders BSF, Cigno lose appeal in ASIC case
Financial Services 2025-07-10 10:07 am By Cindy Cameronne

Payday lenders BSF Solutions and Cigno have lost an appeal in action by ASIC alleging they engaged in unlicensed credit activity and charged prohibited fees, in the case’s second run up to the Full Federal Court.

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Mayfair’s conduct ‘cannot be laid at the door of any lawyers’: judge
ASIC 2025-07-10 11:55 pm By Cindy Cameronne

A judge has criticised Mayfair Group’s “directing mind” James Mawhinney in a do-over of ASIC’s case over notes tied to Mission Beach properties, saying “vociferous and continuous efforts” to blame others, including lawyers, for investor losses did not reflect well on him.

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Grant Thornton partner admonished for iSignthis audit review
Financial Services 2025-07-10 11:25 pm By Sam Matthews

A Grant Thornton partner has been admonished for failing to properly review the firm’s audit of the 2018 financial statements of delisted fintech iSignthis, in a promising turn for a recently filed class action.

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ASIC wins $3.5M penalty over funeral insurer’s ‘Aboriginal owned’ claims
Insurance 2025-07-10 11:30 pm By Andy Sidler

Funeral insurer ACBF has been hit with a $3.5 million penalty for “callous” and “egregious” misrepresentations to Indigenous customers that its business was Aboriginal owned or managed.

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ASIC bans advisers for directing clients to Keystone’s Shield Master fund
Financial Services 2025-07-09 11:22 pm By Christine Caulfield

Two financial advisers who allegedly recommended a failed fund linked to Keystone Asset Management have been disqualified by the corporate cop.

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