Aggregated News From Investment Management Regulators

ASIC obtains orders to wind up two financial services companies

Report/Flag

Please complete the required fields.



The Federal Court of Australia in Melbourne has ordered that Audrn Group Pty Ltd (Audrn) and Optima Lending Solutions Pty Ltd (Optima) be wound up. The Court ordered that Michael Hill and Anthony Connelly of McGrathNicol be appointed as joint and several liquidators of both Audrn and Optima.

On 20 February 2020, ASIC applied to have Audrn wound up and on 6 March 2020, ASIC applied to have Optima wound up.

ASIC commenced the proceedings to protect the public in circumstances where it holds concerns about the conduct of the affairs of these companies and their solvency.

ASIC’s investigations into both companies are ongoing.

Regulator Information

Abbreviation: ASIC
Jurisdiction: Australia

Recent Articles

Retail investors have grown in number, are younger and increasingly use neo-brokers since the Covid crisis

After an initial analysis of the behaviour of retail investors on the stock market conducted in April 2020 during the first lockdown, the Autorité des Marchés Financiers has confirmed the renewed in

The AMF announces two appointments to the Regulatory Policy and International Affairs Directorate (DRAI)

Kheira Benhami has been appointed Chief Economist and Director of the Analysis, Financial Stability and Risks Division at the DRAI as of 2 November, while Ianja Ramananarivo was appointed Head of th

Aclassbank / Bellerophon Group Ltd

Attention! The FMA warns investors against concluding transactions with: Aclassbank / Bellerophon Group Ltd with its registered address apparently in Mauritius and St. Vincent and Grenadines Web: www.aclassbank.com E-Mail:...

Get the latest from Regulatory.News in your inbox!

×