ASIC Media Releases

ASIC has suspended GFA Capital Markets Ltd's AFS licence (398104) from 23 July 2026 to 18 December 2026 over client money and compliance failures.

Stavro D'Amore sentenced to 3 years 10 months for dishonestly misusing $681,496 in Berndale Capital funds. What the Corporations Act charges mean for directors.

ASIC has banned Melbourne director Antonio Torcasio from managing companies for 5 years until 29 July 2031 following the failure of 8 businesses owing over $3 m

ASIC is seeking Federal Court orders against Royce Capital, Royce (Aust) Real Estate, Louie Kortesis and Paul Chiodo over alleged unlicensed fund promotion.

ASIC cancelled the Australian credit licence of Zenoz Enterprises Pty Ltd effective 3 July 2026 for ceasing credit activity and unpaid industry funding levies.

TMX Group has completed its acquisition of Cboe Australia, now rebranded as TMX Australia Exchange, following ASIC regulatory approval in July 2026.

ASIC is lifting minimum net tangible assets thresholds for responsible entities, IDPS operators and retail CCIV corporate directors, effective 1 July 2027.

The Federal Court has permanently disqualified Larry Dawson from managing companies after a $7 million superannuation fraud scheme involving fake websites and c

ASIC reviewed eight banks and found offset account failures affecting over 250,000 customers, with more than $55 million in compensation already paid.

ASIC has finalised new substantial holding notice rules for listed entities on Australian financial markets, taking effect from 4 December 2026.

ASIC found some mortgage offset accounts were not properly linked to home loans, costing customers extra interest. Over $55 million in compensation was paid.

The NSW Supreme Court has wound up Capital Guard AU Pty Ltd on 27 July 2026. Liquidators McGrathNicol are appointed to recover assets for investors.

The Federal Court ordered Harvey Norman and Latitude Finance to pay a combined $55 million for misleading customers about interest-free payment offers.

ASIC has banned Queensland director David Shane Fanning from managing companies for 5 years until 6 July 2031, following the collapse of four companies.

ASIC issued Deutsche Bank a $2 million infringement notice for misreporting over 260,000 OTC derivative transactions under the ASIC Derivative Transaction Rules

ASIC has banned two former NextGen Financial Group directors from financial services for three years after the company failed to comply with AFCA rulings.

Vickie Vella sentenced to 18 months imprisonment as an Intensive Corrections Order after withdrawing $1.2 million from company accounts for personal use.

NSW Local Court sentences Brendan Gunn over $181,000 suspected proceeds of crime from an offshore cryptocurrency scam targeting Australians via Mormarkets/Coins

ASIC is consulting on cutting Regulatory Guide 264 from 42 pages to 8 pages. Submissions from AFS licence holders are due by 21 August 2026.

The Federal Court found former Noumi CEO Rory Macleod breached the Corporations Act over financial reporting for 2019. Penalties to be addressed 27 August 2026.