Over the past three years since the decision in the High Court permitting litigation funding and the Federal Court’s determination that litigation funding should be treated as a managed investment scheme there has been much debate about the regulation of litigation funding in Australia.

Mr Glenn Russell Evans, a former Senior Client Advisor with Bell Potter Securities Limited, was charged with 15 counts of fraudulent conduct involving more than $1.06 million following an ASIC investigation into conduct arising from Mr Evan’s role as a director of Kismet Trading Pty Ltd (In Liquidat