ASIC Releases First Enforcement Report (July-Dec 2011)

ASIC today released its first report detailing ASIC enforcement actions for the period 1 July to 31 December 2011. The report outlines categories of gatekeepers against whom ASIC has taken action including financial advisers, responsible entities, credit licensees, market participants, directors, company officers, insolvency practitioners and auditors. The enforcement outcomes set out in the report relate to a wide range of matters from offences attracting significant penalties to record-keeping type offences grouped under the heading compliance and deterrence. They include 355 enforcement outcomes, including 252 criminal actions, in the six-month period.

Originally Published: 
29/03/2012