Regulatory Alerts2025-09-23
Federal Court Disqualifies David Paul Hodgson and Restraints Unlicensed Financial Services
ASIC secured a Federal Court order disqualifying Queensland director David Paul Hodgson from managing corporations for five years and permanently restraining him from providing unlicensed financial services. The Court found that Hodgson, MacroLend, and Great Southland conducted unlicensed financial activities raising $109 million and engaged in serious misleading conduct by falsely claiming Kradle Software held $1.02 billion in intangible assets. Justice Derrington characterized Hodgson's conduct as very serious due to his laissez-faire approach to compliance, ordering the defendants to pay ASIC's costs.
Share