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PENALTY
Financial planning
A Queensland company falsely representing that it managed $6.9 billion for investors and was affiliated with the Financial Services Council has been penalised for false a...
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....
Funds management
The largest-ever penalty for breaches of Market Integrity Rules has been handed down by the Federal Court to Commonwealth Securities and Australian Investment Exchange. ...
Funds management
The Full Federal Court has dismissed an appeal by Mayfair 101 Group to overturn the findings of misleading or deceptive advertising and a $30 million penalty....
Financial planning
An Adelaide financial adviser has been charged with falsifying company books following an ASIC investigation....
Financial planning
A former financial adviser of Tasmania has been charged with 17 offences for falsifying documents to transfer shares. ...
Superannuation
The superannuation fund is the first licensee to have a civil penalty imposed for failing to report breaches to the corporate regulator since its new penalty powers were ...
Funds management
The firm was fined for false and misleading marketing of its $5.15 billion Australian Credit fund over three years....
Superannuation
The Federal Court has ordered Colonial First State Investments Limited to pay a penalty of $20 million for misleading communications with members. ...
Financial planning
In reaching his decision, Justice Lee rejected the submission from the bank that it had acted expeditiously to remedy the effort and found the bank’s delay was particular...
Financial planning
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...
Financial planning
The bank has been ordered by the Federal Court of Australia to pay $10 million in penalties after charging customers same-name fees which it was not entitled to and conti...
Financial planning
The Federal Court has imposed penalties amounting to $9.15 million on Westpac because of its failure as a licensee with respect to poor financial advice provided by a for...
Policy & Regulation
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
Macquarie has paid a $300,000 penalty to comply with an infringement notice given by the MDP....
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Podcast
How did the licensee not check this - they should be held to task over it. Obviously they are not making sure their sta...
Faking exams and falsifying results..... Too stupid to comment on JG...
Must agree to disagree with you on this one Keith, with the Banks/Institutions largely out of advice now is the time to ...