Regulatory Alerts2025-08-21
ASIC Obtains Federal Court Orders to Freeze Funds of Gregory Cotton and First Mutual Private Equity
The Australian Securities and Investments Commission obtained urgent interim orders from the Federal Court to freeze the bank accounts of Gregory Cotton and his company First Mutual Private Equity Pty Ltd. These orders prohibit the entities from incurring new liabilities or transferring funds to safeguard approximately $53 million in suspected misappropriated investor assets while an investigation is underway. A further hearing regarding the matter is scheduled for 11 September 2025.
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