infringement

Financial planning

ASIC slaps infringement notices on 3 AFSLs

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

Policy & Regulation

Macquarie Securities pays infringement notice

It will pay a penalty of $126,000 after it was deemed to have entered a market transaction that was not in accordance with the client’s instructions....

Policy & Regulation

Industry funds ASIC infringements just $25,000

Only two industry superannuation funds have been served with Australian Securities and Investments Commission infringements since the start of 2013 and the combined amoun...

Policy & Regulation

CommSec pays $700k infringement penalty

CommSec paid a penalty of $700,000 to comply with two infringement notices and voluntarily refunded $1.1 million in brokerage to over 25,000 clients....