The Securities and Exchange Commission (SEC), the US equivalent to Australia's financial services regulator the Australian Securities and Investments Commission (ASIC), has ordered life insurer Prudential Equity Group (PEG) to pay $790 million (US$600 million) for defrauding mutual fund investors. https://www.financialstandard.com.au/feed/latest?story=15605 en-AU Copyright 2026 Financial Standard 5