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Showing 311 - 320 of 666 results for "Penalty"

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.

Director charged with dishonest conduct

ANNABELLE DICKSON  |  FRIDAY, 4 DEC 2020
... The matter is being prosecuted by the Commonwealth Director of Public Prosecutions with each offence carrying a maximum penalty of up to 15 years imprisonment. The matter was adjourned to the Melbourne Magistrates' Court for committal mention hearing ...

Super tax structure less progressive: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... those whose income is below the effective tax-free threshold of $21,884, the low income super tax offset removes the tax penalty on contributions, ensuring the tax on contributions is zero but does not create a tax advantage. Super earnings are taxed ...

Responsible entity fined $2m

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... in authorising the issues of five defective Product Disclosure Statements (PDSs). The court has ordered Theta to pay a penalty of $2 million with respect to authorising the issue of five defective PDSs on behalf of Sterling Income Trust. Additionally ...

ASIC charges BitConnect Australia lead

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... Bigatton could face hefty fines and possibly imprisonment. Operating an unregistered investment scheme carried a maximum penalty of five years imprisonment and/or a fine of $42,000. Providing unlicensed financial services carries a maximum penalty of ...

Former Financial Circle director charged

ELIZA BAVIN  |  MONDAY, 16 NOV 2020
... a referral from ASIC. The charges of acting in the management of corporations whilst disqualified each carry a maximum penalty of one year's imprisonment and/or 50 penalty units. After initially being charged on 27 May 2020, Fuoco's matter was listed ...