ARTICLE · 07 AUGUST 2023

Financial Services Thinking - Issue 37

McMahon Clarke

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A 'hot tip' about ASIC's antidote to greenwashing as well as the latest news from the corporate regulators.

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Read the latest edition of Financial Services Thinking where you'll find a 'hot tip' about ASIC's antidote to greenwashing as well as all the latest news from the corporate regulators.

ASIC

Stark reminder about regulatory compliance in fundraising

In a stark reminder about the importance of regulatory compliance in fundraising activities, ASIC is pursuing civil penalty orders against Sasha Hopkins, a self-proclaimed property mogul in Melbourne, for allegedly raising over $32 million from investors without the necessary AFS licence. ASIC contends Hopkins used social media platforms to promote more than 25 investment schemes to 'mum and dad' investors, offering property investment opportunities. ASIC alleges Hopkins operated an unregistered managed investment scheme and unlicensed financial services business.

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