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

26-128MR

licence action19 June 2026

Respondent

Freedom Wealth Services Pty Ltd

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 cancelled the AFS licence and Australian credit licence of Freedom Wealth Services Pty Ltd, with effect from 1 May 2025 (announced 2026-06-19), alongside a ten-year ban on its sole director Brett Anthony Newbound. The company and Mr Newbound have applied to the Administrative Review Tribunal for review; their stay application was dismissed on 16 June 2026. 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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