Aryn Hala charged with providing unlicensed financial services

Aryn Hala of Redbank Plains, Queensland, has been charged with nine offences of carrying on a financial services business without a licence under 911A (1) of the Corporations Act 2001 (Cth) following an ASIC investigation. The maximum penalty for each offence is five years imprisonment.

The charges follow an ASIC investigation into conduct by Mr Hala where he promised consumers annual returns of at least 10-20% in investments that included crypto-assets in a company directed by him, A One Multi Services Pty Ltd. Mr Hala encouraged consumers to establish a self-managed superannuation fund (SMSF), and to roll over their existing superannuation into the SMSF and invest it with Mr Hala’s company.

At a mention on 5 February 2024, the matter was adjourned for further mention on 15 April 2024. Mr Hala was released on bail.

The matter is being prosecuted by the Commonwealth Director of Public Prosecutions after an investigation by ASIC.

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