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Conflicts Management

CASE INSIGHT

Australian Securities and Investments Commission v R M Capital Pty Ltd (No 2) [2025] FCA 1634

ASIC v RM Capital (No 2) [2025] FCA 1634 examines AFSL supervision, conflicted remuneration, authorised representative oversight and compliance culture, with significant penalties and independent compliance review orders.
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CASE INSIGHT

Australian Securities and Investments Commission v Wealth & Risk Management Pty Ltd (No 2) [2018] FCA 59

In ASIC v Wealth & Risk Management Pty Ltd (No 2) [2018] FCA 59, the Federal Court imposed $7.8 million in penalties over a conflicted “fast cash” advice model targeting financially distressed consumers. The case also featured expert evidence from Sean Graham, founder of Assured Support, on reasonable AFSL compliance, supervision and governance controls.
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CASE INSIGHT

Australian Securities and Investments Commission v Camelot Derivatives Pty Limited [2012] FCA 414


In ASIC v Camelot Derivatives Pty Ltd (in liq) [2012] FCA 414, the Federal Court found misleading promotion of options-trading returns, commission-driven trading and failures to provide financial services efficiently, honestly and fairly. The decision highlights the risks of overstated performance claims, excessive trading and conflicts between client interests and brokerage revenue.
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CASE INSIGHT

Australian Securities and Investments Commission v Select AFSL Pty Ltd (No 2) [2022] FCA 786


In ASIC v Select AFSL Pty Ltd (No 2) [2022] FCA 786, the Federal Court found extensive contraventions involving conflicted remuneration, misleading sales practices, vulnerable consumers and failures to provide financial services efficiently, honestly and fairly. The decision also reinforces director accountability for high-risk incentive schemes and outsourced call-centre operations.
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Step 1 of 8 - Your Role

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Assess your ASIC exposure

Answer a few targeted questions to identify where your compliance may not stand up under ASIC review.

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