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Showing 331 - 340 of 688 results for "Penalty"

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.

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 ...