Adviser disqualified for unlicensed financial services and misleading statements – ASIC

['Gary Robinson', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] International Adviser 2025-09-24 04:07:22

The Australian financial services watchdog said in a statement earlier today that the court found Mr Hodgson, MacroLend and Great Southland each conducted an unlicensed financial services business between 2015 and 2023. This was of significant concern to ASIC as MacroLend and Great Southland raised around A$109m from investors during this time. MisconductASIC Deputy Chair Sarah Court said: “This type of misconduct undermines trust and confidence in Australia’s financial services. Firms dealing in financial products have an obligation to be licensed which ensures customers are afforded key legal protections provided by an Australian financial services licence. Mr Hodgson, MacroLend and Great Southland were ordered to pay ASIC’s costs.