Meanwhile, the family trust of Kenyon and Charlotte Clark has also been put into receivership.
It is the largest penalty the FMA has secured in an enforcement case.
Businessman's brother and friend fail in effort to protect assets against claims by Sir Owen Glenn.
A preview of the trends and cases to watch in 2023.
Downey Construction had won a significant sum in a long-running row over the Lakewood Plaza apartment tower.
The Financial Markets Authority says the private equity firm breached record-keeping requirements.
The FMA received information about the alleged conduct by an experienced retail investor 22 months ago.
Sir Owen Glenn’s Kea Investments says a Kentucky coal joint venture agreement was faked.
The NSW Supreme Court heard last month the former Blue Chip boss had been offered A$904,000 in legal aid.
ANALYSIS: Christmas Crackers – Time to look back on some unusual and interesting intellectual property and marketing law news headlines this year.