Regulatory Alerts2026-03-09
Brisbane financial advisor and auditor Sunny Prakash charged with multiple counts of stealing and fraud
ASIC announced that Brisbane financial advisor Sunny Prakash appeared in court charged with multiple dishonesty offences including unlicensed financial services, unauthorized trading, and fraud. The regulator alleges Prakash misappropriated nearly $5 million and caused over $1.2 million in trading losses between 2016 and 2024 while providing advice through his related companies. The matter is being prosecuted by the CDPP and has been adjourned for further mention, with ASIC inviting affected clients to contact them regarding concerns about advice or investments.
Share