News — ASIC warns of conflicts of interests when raising equity

Man putting coins in piggy bank

The Australian Securities and Investments Commission (ASIC) has reminded licensees appointed to oversee equity raising transactions to ensure they appropriately manage conflicts of interests and confidential information about transactions.

‘Otherwise, there is a risk that a breach of financial services laws may occur,’ says ASIC Commissioner Cathie Armour. ‘This may include misleading and deceptive conduct, breaches by licensees of their general conduct obligations, insider trading and market manipulation.’

This article is exclusive to Governance Institute members and subscribers.

To read the full article…

or Become a member