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

Search Results

Showing 101 - 110 of 688 results for "Penalty"

Former adviser pleads guilty to $1m theft

MATTHEW WAI  |  MONDAY, 3 FEB 2025
... being prosecuted by the Office of the Director of Public Prosecutions following the referral by ASIC. In WA, the maximum penalty is seven years imprisonment for each offence of stealing and fraud, with the latter to be penalised for 10 years if the person ...

BlackRock settles lawsuit for 'misleading consumers'

ANDREW MCKEAN  |  MONDAY, 20 JAN 2025
... will cast shareholder votes solely to further investors financial interests. The settlement did not impose a financial penalty on BlackRock or an admission of liability. "This resolution assures that the money Tennesseans invest with BlackRock is managed ...

SEC fines private equity firms for recordkeeping failures

KARREN VERGARA  |  TUESDAY, 14 JAN 2025
... million. PJT Partners, which was spun off from Blackstone, self-reported and subsequently paid a significantly lower civil penalty of US$600,000. Charles Schwab and Santander US Capital Markets agreed to US$10 million and US$4 million respectively. "When ...

Government bolsters funding for payday super reforms

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
... Notably, Treasurer Jim Chalmers has also announced that the government will also introduce legislation to recalibrate penalty and charges, incentivising employers to promptly rectify missed payments, with more severe consequences for deliberate and repeated ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
... Trade targeted" incurred trading losses of over US$5 million. "This is a significant outcome. It's ASIC's first penalty against an entity for failing to have a TMD and a reminder for digital assets firms to consider their regulatory compliance ...

Illegal investment scheme operator to pay $1.25m

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... returns would be significant. The investor losses totalled approximately $27 million. This is the third highest civil penalty ordered against an individual in relation to a proceeding commenced by ASIC. "ASIC recently announced unscrupulous property ...

Former adviser charged with dishonest conduct

KARREN VERGARA  |  TUESDAY, 19 NOV 2024
... own purposes, including paying off personal debts. He is simultaneously facing these charges - which carries a maximum penalty of five years of imprisonment. Both sets of charges are now before the Southport Magistrates Court.

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... executive Shayne Elliott said. Further, the Australian Prudential Regulation Authority (APRA) has also increased the capital penalty over ANZ's non-financial risk management practices. APRA chair John Lonsdale said ANZ is "financially sound" but remains ...

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... Management Program strategies' assets tripled to $45 billion (US$30bn). For this, JPMS was issued a $68 million (US$45m) penalty. Elsewhere, in its third action, the SEC found that over a two-year period JPMS recommended certain mutual fund products ...

Regal indicted for alleged short-selling breach

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... short selling. At the time, illegal short-sale activities were punishable with minor fines. "To strengthen punishment, penalty surcharges will be imposed up to the amount of short orders as well as criminal penalties of a minimum one year of imprisonment ...