Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Regulatory

'Licensee for hire' fined $1.25m by court

Lanterne Fund Services was issued a $1.25 million penalty by the Federal Court for failing to comply with basic obligations, including operating with almost no compliance staff or risk management processes.

Upgrade your subscription to access this article

And gain access to:
  • All archived news content
  • Access to the Financial Standard app
  • Home page news customisation
  • Financial Standard 's fortnightly newspaper
  • 25% discount on tickets to networking events
And more
Already A Subscriber?

Read more: CARASICLanterne Fund ServicesFederal CourtAFSLPeter CozensRoyal Commission