Articles

“Test case” on short-term credit: ASIC appeals Federal Court decision regarding Cigno and BHF Solutions

ASIC has been emboldened by its victory in the Full Federal Court and continues to pursue actions against purveyors of what it sees as damaging products offered to consumers. In the latest chapter in ASIC’s campaign against allegedly harmful short-term credit products, ASIC  appealed a Federal Court decision which had dismissed its allegations of misconduct […]


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James Mawhinney back despite ban

James Mawhinney back despite ban

The AFR has reported that James Mawhinney of Mayfair 101 and IPO Wealth is again raising funds despite a 20-year ban imposed by the Federal Court in April this year.    Mawhinney’s ban prohibits him...

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New ASIC appointments confirm shift to “express investigation” approach

ASIC flexes product intervention muscle

ASIC flexes product intervention muscle ASIC has intervened twice this week in the retail OTC derivatives and CFD markets.  The product intervention orders are the latest step in a sustained...

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