Regulatory Alerts2026-04-02
ASIC disqualifies Ashod Balanian from managing corporations for five years
The Australian Securities and Investments Commission has disqualified Ashod Balanian from managing corporations for five years due to serious misconduct involving three failed cryptocurrency companies. ASIC found that Balanian failed to comply with director obligations, including lodging required reports, maintaining adequate records, and ensuring proper licensing and tax compliance for the entities. The disqualification remains in effect until March 30, 2031, following an investigation into the companies' inability to pay debts and Balanian's uncooperative behavior with liquidators.
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