Marked as
Last updated - January 27, 2026
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Kodari Securities (KOSEC), founded and led by Michael Kodari in Sydney, Australia, operates as an investment advisory and stockbroking firm with an Australian financial services license. Publicly reported issues include ATO discrepancies, employment disputes, aggressive sales tactics, mixed client reviews, and online warnings, highlighting potential reputational, compliance, and governance concerns for clients and investors.
CEO
High Risk
Based on the available data, we advise consumers to avoid this Company altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Medium Risk
Based on the available data, we advise employees to be mindful when considering or continuing work with this Company.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we urge investors and bankers to avoid financial involvement with this Company.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
Owner
HQ Location
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Industry
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AFSL Status
Reviews
Trustpilot Score
Client Complaints
ATO Issue
Media Coverage
Intern Reports
Social Flag
Facebook Page
Scam Detector
Reputation Risk
Employee Lawsuit
Court Payout
Validity Score
Customer Losses
Review Themes
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Location
Revenue
ABN/ACN
Key Lawsuit
Appeal Outcome
Regulatory Issue
ATO Probe
International Expansion
The firm and its founder, Michael Kodari, have been reported in the media for Australian Tax Office (ATO) discrepancies and regulatory investigations. These issues suggest potential compliance risks.
Multiple 1-star Trustpilot reviews and online forums report losses, aggressive sales tactics, and dissatisfaction with service. These indicate potential reputational concerns and client dissatisfaction.
Court filings from employment disputes allege misconduct, extreme reactions to criticism, and unusual business practices, which may reflect internal governance issues.
Kodari Securities has faced allegations of orchestrating fake positive reviews on Google and attempting to manipulate Reddit discussions
The Australian Financial Review reported that Kodari Securities faced Federal Court scrutiny over discrepancies with the Australian Tax Office, indicating potential tax compliance issues.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
Reddit warns Kosec/Kodari Securities reviews may be manipulated, alleging suspicious praise and distrust.
First Detected
Sentiment Analysis
Reach
POV
Risk Factor
Type
Traffic Source
SERP
Share of Voice
Primary Keyword
AFR reports Kodari Securities faces ATO scrutiny over tax discrepancies in its business filings
Trustpilot shows multiple 1‑star reviews for KOSEC, citing poor service, losses, and aggressive sales.
SMH reports controversies at Kodari Securities, including employee allegations and internal disputes.
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
Ultimate Beneficial Owner(s) (UBOs)
Shareholding structure
Associated entities & subsidiaries
Offshore / shell company links
Trusts / Nominee arrangements
Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
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Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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There are public risk trackers indicating potential issues like tax discrepancies, employment disputes, and reputational concerns that make some analysts cautious.
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