ASIC bans Brett Anthony Newbound from providing financial services for 10 years and cancels licenses of Freedom Wealth Services Pty Ltd

26-128MR

banning19 June 2026

Respondent

Brett Anthony Newbound

Facts

ASIC has made an order banning Brett Anthony Newbound and cancelling the Australian financial services (AFS) licence and Australian credit licence (ACL) of Freedom Wealth Services Pty Ltd.

Outcome

ASIC banning order — Brett Anthony Newbound banned from engaging in credit or financial services activities for ten years (recorded with effect from 1 May 2025; announced 2026-06-19). ASIC also cancelled the AFS licence and credit licence of his company, Freedom Wealth Services Pty Ltd. Both have applied to the Administrative Review Tribunal for review. See the ASIC source for the full terms.

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Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2026-releases/26-128mr-asic-bans-brett-anthony-newbound-from-providing-financial-services-for-10-years-and-cancels-licenses-of-freedom-wealth-services-pty-ltd

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