ASIC Bans Adviser for a Decade After AU$15M Crypto Scam Theft
- Glenda Maree Rogan was banned for 10 years after diverting nearly AU$15M from clients into a crypto scam via an unlicensed offshore scheme, while working as a financial adviser.
- ASIC found she misled clients about risk, ignored red flags, and failed to act with integrity, declaring her unfit to operate in the financial services industry.
- Over time, ASIC has dismantled over 10,000 scam sites, but the country faces increasing pressure for clearer national crypto regulations.
Glenda Maree Rogan has been banned from Australia’s financial services industry for ten years after funnelling nearly AU$15M into a crypto scam while acting as a financial adviser.
The Australian Securities and Investments Commission…
