The Australian Securities & Investments Commission (ASIC) has banned Benjamin Godfrey, the former director and responsible manager of ACN 114 733 569 Limited (in liquidation), formerly ISG Financial Services Limited, from providing financial services, controlling a financial services business, or performing any function involved in carrying on a financial services business for 10 years. The banning order was made under sections 920A and 920B of the Corporations Act 2001 after ASIC found Mr Godfrey failed to comply with financial services laws, was involved in another person’s contravention of a financial services law, was not fit and proper, and was not adequately trained or competent. ASIC also found he may be likely to contravene a financial services law or become involved in a contravention by another person, and that he is an insolvent under administration. The ban applies for 10 years from 31 March 2026. Mr Godfrey may apply to the Administrative Review Tribunal for review of ASIC’s decision.
Australian Securities & Investments Commission 2026-04-08
Australian Securities & Investments Commission bans former ISG Financial Services director Benjamin Godfrey from financial services for 10 years
The Australian Securities & Investments Commission has banned Benjamin Godfrey, former director and responsible manager of ACN 114 733 569 Limited (in liquidation), from providing or controlling financial services, or performing any function in a financial services business, for 10 years from 31 March 2026. ASIC found he failed to comply with financial services laws, was involved in another person’s contravention, was not fit and proper or adequately trained or competent, may be likely to contravene financial services law, and is insolvent under administration; he may seek review of the decision before the Administrative Review Tribunal.