# Australian Securities and Investments Commission

Type: Company

Source: GetYourBrief — https://getyourbrief.com/entity/australian-securities-and-investments-commission
Canonical HTML page: https://getyourbrief.com/entity/australian-securities-and-investments-commission

## Timeline

- **2026-08-13**: ASIC discloses broker surveillance outcomes — The watchdog announces one broker has left Australia, two have stopped onboarding for certain higher-risk products, and five have cleaned up their practices.
- **2026-06**: Surveillance window closes — ASIC's review identifies novice investors easily scaling barriers to high-risk products, investor-product mismatches, and scant disclosure of financial dangers.
- **2026-03-05**: Federal Court Ruling — Justice Michael Lee finds Bekier and Martin breached their duties in a landmark 501-page decision.
- **2026-03**: ASIC launches targeted surveillance of online brokers — Between March and June 2026, ASIC scrutinised nine online brokers to assess how novice investors were onboarded into high-risk products.
- **2022**: ASIC Lawsuit — ASIC initiates legal action against Matthias Bekier, Paula Martin, and nine other directors.
- **2020**: Banking Misrepresentation — Star provides false information to NAB and China UnionPay regarding the use of cards for gambling.
- **2018**: Suncity Misconduct — Junket staff observed delivering cash in cooler bags and evading CCTV at Star casinos.

## Recent coverage (2 stories, network-wide)

### ASIC flags 9 brokers: 1 exits Australia over risky retail products
2026-08-12 21:54:11 · Sector: finance · Sentiment: Neutral · Impact: 5/10 · Sources: 2

ASIC's March–June 2026 surveillance of nine online brokers found novice investors easily scaling into options, derivatives and fractional shares. One broker exited Australia, two restricted high-risk onboarding and five remediated — a compliance signal for the entire digital-broking sector.
Full story: https://getfinancebrief.com/story/asic-broker-surveillance-novice-investor-risk

### Federal Court Finds Ex-Star CEO Breached Duties Over Dysfunctional Culture
2026-03-05 02:14:26 · Sector: hr · Sentiment: Negative · Impact: 6/10 · Sources: 2

The Federal Court of Australia has ruled that former Star Entertainment Group CEO Matthias Bekier breached his corporate duties by overseeing a 'dysfunctional and unethical' culture. The landmark decision highlights systemic failures in reporting criminal risks to the board and misleading financial partners about gambling transactions.
Full story: https://gethrbrief.com/story/ex-star-ceo-breach-dysfunctional-culture-ruling

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