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Showing 301 - 310 of 661 results for "Penalty"

ASIC drags CommSec to court

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
... this through the Markets Disciplinary Panel but given the severity and duration of the breaches ASIC is seeking a civil penalty. CommSec has appeared before the Markets Disciplinary Panel seven times since 2012, receiving fines total more than $1 million. ...

ASIC takes NAB to court

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
... yesterday filed initial documents with the Federal Court's Queensland registry, seeking orders that NAB pay a pecuniary penalty and ASIC's costs. The matter relates to "periodic payments" fees (PP fees), which NAB charged its customers in personal and ...

Westpac prioritises risk management

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... update this morning. As the AUSTRAC matter concludes and ASIC is no longer taking further action after Westpac paid a civil penalty of $1.3 billion relating to breaches of anti-money laundering and counter terrorism laws, the bank flagged it is still ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... repeat of these failures in the future." ASIC said it will seek pecuniary penalties and other orders against CBA at a penalty hearing on 6 April 2021.

Deutsche Bank fined for alleged bribery

ANNABELLE DICKSON  |  MONDAY, 11 JAN 2021
... The bank agreed to a cease-and-desist order and to pay US$43 million to settle the charges and a US$79 million criminal penalty. "While third parties can assist in legitimate business development activities, it is critical that companies have sufficient ...

Charles Schwab fails consumers, cops fine

KARREN VERGARA  |  TUESDAY, 22 DEC 2020
... breach when applying for the correct permission. CSUK agreed to settle the case and received a 30% discount. The financial penalty would otherwise have been GBP12.8 million. The FCA said the firm took remedial action at various points after discovering ...

ASIC takes action against La Trobe Financial

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
ASIC has commenced proceedings, seeking a civil penalty against La Trobe Financial, but the latter plans to fight the claims. The regulator has taken issue with La Trobe Financial's 90 Day Notice Account and Classic 48 Hour Account. The two funds ...

ASIC takes action on Union Standard

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
ASIC has commenced civil penalty proceedings against brokerage firm Union Standard International Group and its affiliates. The corporate regulator has taken action against the Sydney-based retail over-the-counter derivatives issuer and its former corporate ...

GE, Cheesecake Factory pursued for disclosure violations

ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
... seek additional liquidity. Without admitting to the SEC's allegations, the Cheesecake Factory agreed to pay a US$125,000 penalty and to cease-and-desist from further violations. Meanwhile, General Electric has agreed to pay $200 million for historical ...

Hedge fund switched traders with algorithm

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... BlueCrest agreed to a cease-and-desist order and will pay disgorgement and prejudgment interest of US$132.7 million and a penalty of US$37.3 million - all of which will be returned to investors.