Regulatory Alerts2025-12-09
ASIC takes action against Adelaide-based Colin Oxlade and Spice Capital Partners over unlicensed financial services business
The Australian Securities and Investments Commission has commenced Federal Court proceedings to restrain Colin Oxlade and Spice Capital Partners from engaging in unlicensed financial services activities. ASIC alleges the entities provided unlicensed financial product advice and raised at least $1.45 million from investors between February and July 2024 for purported gold salvage and mineral sand refining projects. This enforcement action follows previous director disqualification proceedings against David Catsoulis, with whom Oxlade was allegedly involved in fundraising for companies that were subsequently liquidated.
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