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ASIC has released the exam results of the Financial Advisers Exam held in November 2024 brnw.ch/21wPhl2

We have commenced legal proceedings in the Supreme Court of NSW seeking leave to allege Regional Express Holdings Limited (administrators appointed) engaged in misleading and deceptive conduct and contraventions of continuous disclosure obligations brnw.ch/21wPkoX

Legal proceedings launched by ASIC have seen the Australian operator of the Kraken crypto exchange ordered to pay $8 million for unlawfully issuing a credit facility to more than 1,100 Australian customers brnw.ch/21wPm8K

HSBC Bank Australia Limited failed to adequately protect customers scammed out of millions of dollars, according to documents filed by ASIC in the Federal Court today brnw.ch/21wPqEQ

We have published our annual dashboard outlining regulatory costs by sector and subsector for 2023–24 under the ASIC industry funding model brnw.ch/21wPqHV

Former Greensills Group lead auditor Joseph John Santangelo will not be able to audit companies until June 2026 after the Companies Auditors Disciplinary Board found that he failed to carry out or perform adequately and properly the duties of an auditor brnw.ch/21wPqMs

More than 500 retail clients of Oztures Trading Pty Ltd, trading as Binance Australia Derivatives, were denied important consumer protections after being misclassified as wholesale clients, ASIC alleges in documents filed in the Federal Court. brnw.ch/21wPtVc

ASIC has commenced civil penalty proceedings in the Federal Court against Swoosh Finance alleging breaches of its responsible lending obligations when it provided loans to 11 customers brnw.ch/21wPvLu

Federal Court finds CFD issuers engaged in systemic unconscionable conduct with customer losses totalling over $83 million asic.gov.au/about-asic/new…

Buy now pay later products will be subject to stronger regulation with new laws boosting protection for Australian consumers brnw.ch/21wQ7aQ

Firstmac Limited has been ordered to pay $8 million in penalties for failing to meet its design and distribution obligations. Read more about it here: brnw.ch/21wQdbd

We have rolled out a consultation on new regulatory guidance for the buy now pay later industry brnw.ch/21wQwM9

In a win for Aussie consumers AustralianSuper has today been fined $27M for failing to merge accounts—costing 90,700 members $69M in fees & lost earnings. Read more on the judgement here: brnw.ch/21wQQCS #Superannuation #ConsumerProtection #Accountability

The latest issue of the ASIC enforcement and regulatory update is now live!

We are suing AustralianSuper, the trustee of Australia’s largest superannuation fund, over delayed processing of nearly 7,000 death benefit claims brnw.ch/21wRgo5

We are suing FIIG Securities Limited for systemic and prolonged cybersecurity failures brnw.ch/21wRhY9

The Federal Court has imposed a penalty of $10.5 million against Active Super for greenwashing misconduct brnw.ch/21wRooF

We’re calling on the super industry to urgently improve how death benefit claims are handled. Our report outlines 34 recommendations for trustees, aimed at fixing serious failures in how some claims are processed. Read the report: brnw.ch/21wRG7s

We partnered with the RBA to issue a joint letter to ASX addressing our increasing concern over the management of operational risk at ASX, following the CHESS batch settlement failure incident that occurred on 20 December 2024. brnw.ch/21wRG8n

We’ve imposed additional conditions on Macquarie Bank Limited’s Australian financial services licence after multiple and significant compliance failures. brnw.ch/21wSss7