Summary of enforcement outcomes: January to June 2025

This page provides an overview on ASIC’s enforcement actions in a particular six-monthly period. The data below reflects the period 1 January to 30 June 2025.

Summary of enforcement outcomes

Figure 1: Summary of enforcement outcomes (1 January to 30 June 2025)

Note: Figure 1 summarises all enforcement outcomes recorded between 1 January and 30 June 2025, including those that have not been reported in public announcements. For example, outcomes arising from summary prosecutions for strict liability offences are not generally announced in ASIC media releases.

Financial services enforcement outcomes

Table 1: Financial services enforcement outcomes (number of respondents by misconduct and remedy type)

Misconduct type	Criminal	Civil	Administrative	Total
Credit misconduct	2	2	11	15
Financial advice misconduct	1	3	33	37
Insurance misconduct	2	1	1	4
Investment management misconduct	1	1	7	9
Superannuation misconduct	-	1	1	2
Other financial services misconduct	-	1	18	19
Total	6	9	71	86

Table 2: Financial services enforcement litigation in progress (number of matters as at 1 July 2025)

Misconduct type	Criminal	Civil	Total
Credit misconduct	1	17	18
Financial advice misconduct	1	1	2
General insurance misconduct	-	3	3
Life insurance misconduct	-	2	2
Investment management misconduct	1	7	8
Superannuation misconduct	2	5	7
Other financial services misconduct	21	16	37
Total	26	51	77

Markets enforcement outcomes

Table 3: Markets enforcement outcomes (number of respondents by misconduct and remedy type)

Misconduct type	Criminal	Civil	Administrative	Total
Continuous disclosure	-	-	-	-
Insider trading	-	-	-	-
Market manipulation	-	-	-	-
Other market misconduct	-	-	2	2
Total	-	-	2	2

Table 4: Markets enforcement litigation in progress (number of matters as at 1 July 2025)

Misconduct type	Criminal	Civil	Total
Continuous disclosure	-	5	5
Market manipulation	7	1	8
Insider trading	6	-	6
Other market misconduct	3	2	5
Total	16	8	24

Corporate governance enforcement outcomes

Table 5: Corporate governance enforcement outcomes (number of respondents by misconduct and remedy type)

Misconduct type	Criminal	Civil	Administrative	Total
Auditor misconduct	-	1	32	33
Liquidator misconduct	-	-	-	-
Directors' duties and governance failures	2	4	3	9
Other corporate governance misconduct	-	99	-	99
Total	2	104	35	141

Table 6: Corporate governance enforcement litigation in progress (number of matters as at 1 July 2025)

Misconduct type	Criminal	Civil	Total
Auditor misconduct	2	1	3
Directors' duties and governance failures	26	1	27
Illegal Phoenix	6	-	6
Other corporate governance misconduct	2	6	8
Total	36	8	44

Small business enforcement outcomes

Table 7: Small business enforcement outcomes (number of respondents by misconduct and remedy type)

Misconduct type	Criminal	Administrative	Total
Action against persons or companies	98	2	100
Total	98	2	100

Table 8: Small business criminal prosecutions in progress (number of matters by misconduct and remedy type) (number of matters as at 1 July 2025)

Misconduct type	Criminal	Total
Action against persons or companies	91	91
Total	91	91