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

Search Results

Showing 331 - 340 of 666 results for "Penalty"

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... agreement (DPA) with the DOJ. This will see it pay approximately US$920 million for the misconduct, including a civil monetary penalty of around US$436 million, as well as restitution (around US$312 million) and disgorgement (approximately US$172 million) ...

J.P. Morgan set to cough up US$1bn

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... Trading Commission and the Securities and Exchange Commission into whether traders rigged markets. This would be a record penalty for spoofing, an illegal form of market manipulation in which a trader places large orders to either buy or sell an asset ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
Westpac has agreed to pay a civil penalty of $1.3 billion in relation to its contraventions of the anti-money laundering and counter terrorism laws. As part of the agreement with AUSTRAC, Westpac has admitted to additional contraventions that were outlined ...

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
... instruction. State Street contravened 45(2) on 99 occasions in June 2008, according to AUSTRAC. Each contravention carries a penalty of $12,600 for a body corporate for offences committed before 1 July 2020, taking its total bill to about $1.25 million. ...

Rapper charged over crypto scandal

ALLY SELBY  |  MONDAY, 14 SEP 2020
... agreed to disgorge his ill-gotten gains plus interest, while Sparks, While and Smith each agreed to cough up a US$25,000 penalty. They will also be prohibited from participating in the issuance, purchase, offer or sale of any digital asset security for ...

ASIC drags Evans Dixon to court

KANIKA SOOD  |  FRIDAY, 4 SEP 2020
... interests duty under the Corps act. The action may mean a big bill for Evans Dixon shareholders; ASIC said the maximum civil penalty for contraventions it alleges against Dixon Advisory is $1 million per contravention for instances before 13 March 2019 ...

ASIC drops CBA investigation

ALLY SELBY  |  THURSDAY, 27 AUG 2020
... legal costs of $2.5 million - almost double what it had provisioned for the case. The fine represents the largest ever penalty in Australian corporate history, however, that is likely to be surpassed by Westpac - expected to cough up $1.5 billion over ...

Sam Henderson pleads guilty

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
... an information memorandum dated May 2011. The dishonest conduct offence Henderson has plead guilty to carries a maximum penalty of two years' imprisonment or a fine. Henderson has also plead guilty to two counts of making a disclosure document available ...

ASIC takes action against RI Advice

ELIZABETH MCARTHUR  |  FRIDAY, 21 AUG 2020
... seeking declarations that RI Advice contravened provisions of the Corporations Act, orders that RI Advice pay a civil penalty and compliance orders so that the group will have to implement appropriate cyber risk management. ASIC named Anthony Hilsley ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... doesn't intend to defend the proceedings and apologises for the errors. Elsewhere, the regulator also commenced civil penalty proceedings against State Super Financial Services Australia Limited, or StatePlus, for charging at least 36,592 members ...