The Australian Securities and Investments Commission (ASIC) is an independent government body responsible for regulating financial markets, securities, and investments in Australia. Its primary role is to protect investors and maintain the integrity of the financial system by enforcing laws and regulations. ASIC oversees companies, financial services, and credit providers, ensuring they comply with legal obligations. It also provides guidance and education to help consumers make informed financial decisions. By promoting transparency and accountability, ASIC aims to foster trust in the financial sector and support economic stability in Australia.