fine

Funds management

The corporate regulator has announced an advisory and stockbroking firm has been penalised over $500,000 for failing to comply with trading regulations....

Financial planning

RI Advice to pay $6m penalty

The Federal Court has ordered RI Advice Group to pay a $6 million penalty for failing to take reasonable steps to ensure that its authorised representative provided appro...

Funds management

La Trobe fined for misleading investors in $5b fund

The firm was fined for false and misleading marketing of its $5.15 billion Australian Credit fund over three years....

Financial planning

Auditors fined for Halifax audit standards breach

EC Audit was fined $40,000 while Robert Evett was fined $10,000 for auditing standards breaches of Halifax Investment Services....

Financial planning

Theta AM to pay $2m penalty

The liquidated firm’s managing director, Robert Marie, has been ordered by the Federal Court to pay $100,000 after he and the firm were found to have issued five defectiv...

Funds management

Afterpay shares plummet after US regulator fine

Shares in financial technology company Afterpay have fallen 31% in one day after it was forced to pay a fine to refund US customers who paid late fees....

Policy & Regulation

ASIC fines publisher over misleading promo guide

The Australian Securities and Investments Commission has found Port Phillip Publishing (PPP) and its former director Kristan Sayce liable for printing a misleading guide ...