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Showing 31 - 40 of 1674 results for "Breach"

Petra Capital fined over misreporting of 15k trades

MATTHEW WAI  |  THURSDAY, 5 FEB 2026
Sydney-based stockbroking firm Petra Capital has been fined $205,350 by the Markets Disciplinary Panel (MDP) for misreporting information on 3632 orders. The MDP found that Petra had breached the market integrity rules by failing to provide accurate ...

Interprac ordered to pay $120k over Shield advice, blames Macquarie

MATTHEW WAI  |  TUESDAY, 3 FEB 2026
Interprac Financial Planning will need to pay approximately $120,000 in compensation to a complainant over inappropriate advice provided in relation to the Shield Master Fund, the Australian Financial Complaints Authority (AFCA) lead decision reveals. ...

Australian Unity cops fine for TMD, DDO failures

KARREN VERGARA  |  MONDAY, 2 FEB 2026
Australian Unity Funds Management (AUFM) admitted it breached design and distribution obligations (DDO) regarding its Select Income Fund and has been slapped with a $7.125 million fine by the Federal Court. Hundreds of retail investors were led to believe ...

ASIC acts against 28 SMSF auditors

MATTHEW WAI  |  FRIDAY, 30 JAN 2026
ASIC penalised 28 self-managed superannuation fund (SMSF) auditors in the first half of FY26, including the cancellation of 22 registrations. ASIC said its action relates to breaches of obligations and standards, including failures to comply with auditing ...

Rodney Forrest handed prison sentence for $3m insider trading

ELIZA BAVIN  |  TUESDAY, 27 JAN 2026
... sentence. "Mr Forrest... made a conscious choice to do something he knew was wrong, dishonest and illegal. It was a profound breach of trust to obtain that information, and an even more profound breach of trust to use it for the purpose of illegal share ...

'Gross breach of trust': Former adviser sentenced to six years imprisonment

RIDDHIMA TALWANI  |  FRIDAY, 23 JAN 2026
... managing companies for five years. When handing down the sentence, Judge John Prior noted Torre's actions as a "gross breach of trust" of vulnerable victims who relied on him as a professional financial adviser. "The victims entrusted you with some ...

Most read in 2025: Superannuation

ELIZA BAVIN  |  MONDAY, 22 DEC 2025
... Hostplus continued to splurge on sponsorship deals. Cybercriminals attack major super funds Cybercriminals attempted to breach the systems of several superannuation funds in April, although most attacks were repelled, thousands were affected. Later that ...

RM Capital, SMSF Club to pay $925k over conflicted remuneration

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
The Federal Court has ordered licensee RM Capital to pay a $575,000 penalty and its authorised representative SMSF Club to pay $350,000 over conflicted remuneration breaches. The penalties follow ASIC succeeding in its case against RM Capital in 2024 ...

Most read in 2025: Financial advice

STAFF WRITER  |  FRIDAY, 19 DEC 2025
There was no shortage of news impacting the financial advice community this year, with advisers bearing the brunt of negative sentiment in the wake of First Guardian and Shield collapses. But there were some bright spots throughout the year, including ...

Mulino looks to reform CSLR

ELIZA BAVIN  |  THURSDAY, 11 DEC 2025
After holding a roundtable discussion yesterday, Minister for Financial Services Daniel Mulino says all consumer-facing sub-sectors within the financial services sector, and all 23 retail-facing sub-sectors will foot the $47.3 million CSLR special levy. ...