Aryn Hala News Today

A Queensland man has been charged with nine offences and is facing imprisonment for running a financial services business without a licence.

Each of the nine charges carries a maximum penalty of five years' imprisonment

In a public statement this week, the Australian Securities and Investment Commission (ASIC) has issued a warning urging self-managed super funds (SMSFs) to consider the risks of cryptocurrency investments.

Regulator warns residents seeking to self-manage their retirement funds to be wary of investing in crypto-asset investments.

The Australian Securities and Investment Commission (ASIC) is warning consumers to watch out for an incr

<ul>
<li><span>ASIC has noticed an increase in marketing recommending Australians switch from retail and industry superannuation funds to self-managed superannuation funds (SMSFs) so they can invest in a ‘high return’ portfolio</span></li>
<li><span>SMSF trustees are being targeted to invest in crypto-assets (or cryptocurrencies)</span></li>
<li><span>Superannuation is an attractive t...

The corporate regulator has noticed an increase in marketing recommending Australians to switch to self-managed superannuation funds that invest in crypto, and has warned against some of the trappings.

With consumers and SMSFs increasingly being targeted with marketing to invest in crypto-assets, ASIC has issued a warning urging SMSFs to consider the risks of these investments. In a public stateme

As the legitimate use of digital currencies grows, there has been a comparable rise in abuse, cybercrime experts say

ASIC has moved to shut down an unlicensed investment scheme involving over 60 SMSFs that is suspected to be engaging in unlawful activity. ASIC successfully obtained interim orders and injunctions fr