ASIC stops Angas Securities selling two mortgage funds

Australia's securities regulator has made interim stop orders against Adelaide based Angas Securities, barring it from offering, issuing, selling or transferring interests in the Angas Prime Income Fund and the Angas Direct Mortgage Fund, Bloomberg reported.

Why it matters: The orders are the latest in ASIC's run of interventions against private credit and mortgage funds whose products, in the regulator's view, do not adequately highlight their risks, a campaign that has intensified since the collapse of Sydney developer Bathla Group.

Data as of Bloomberg report of November 8, 2026; the article's full text is paywalled and only its published summary was read via the estate browser route, so every fact here rests on that summary and on ASIC's statement as Bloomberg carried it. ASIC's own media release had not been indexed or read when this item was written. Single source, grade C. Developing item.

The Australian Securities and Investments Commission has stopped Angas Securities from selling two managed investment schemes, the Angas Prime Income Fund and the Angas Direct Mortgage Fund, Bloomberg reported, citing an ASIC statement on Monday. The interim stop orders bar the Adelaide based firm from offering, issuing, selling or transferring interests in either fund.

Bloomberg described the action as the latest in a series by the regulator to prevent private credit funds from offering products that do not adequately highlight potential risks. That campaign has run through the Australian private credit sector since the Bathla Group collapse left lenders and funds exposed across hundreds of related companies.

ASIC stops Angas Securities selling two mortgage funds

Sources