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Showing 1 - 9 of 9 results for %22Pershing Securities%22

Direct indexing: The next evolution?

CHLOE WALKER  |  MONDAY, 7 MAR 2022
... Vanguard acquired Just Invest, a direct indexing company, in October last year. Then, in December 2021 BNY Mellon's Pershing acquired Optimal Asset Management, the business of which is solely in direct indexing. Already in 2022, Fidelity, which administers ...

FinClear to acquire BNY subsidiary

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
... local execution and settlements business to FinClear for an undisclosed amount. FinClear is set to takeover Pershing Securities Australia in a bid to scale and enhance Holder Identification Number (HIN)-based platform services. FinClear said it is too ...

Latitude IPOs despite spotted past

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
... yesterday, with one billion shares offered at $2.60 at the time of float before the share price rose to $2.77. Pershing Securities and Hamilton Lane investors were among the 20 largest holders of the Latitude share register prior to the initial public ...

Societe Generale fined over client breaches

ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
... charges were withdrawn from the client-segregated accounts. These breaches cost the bank a further $15,000. Pershing Securities Australia became the first to be criminally prosecuted in August over similar charges. Pershing was fined $15,000 for a breach ...

Pershing convicted for client breaches

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
Pershing Securities Australia has become the first company in Australia to be criminally prosecuted over breaching client money obligations. The BNY Mellon subsidiary pleaded guilty in Sydney's Downing Centre Local Court and was ordered to pay a $40,000 ...

AFSL pleads guilty to mishandling client money

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... in Australia, an AFSL is facing criminal prosecution for mishandling client monies, and has pleaded guilty. Pershing Securities Australia Pty Ltd (PSAL) pleaded guilty at the Downing Centre Local Court in Sydney to mishandling client monies after ASIC ...

Pershing Securities breaches client money obligations

ALLY SELBY  |  WEDNESDAY, 11 DEC 2019
Pershing Securities Australia has been charged after breaching client money obligations. The clearing and settlement solutions provider was charged with two counts of failing to pay client money into an account and one count of failing to comply with ...

ASIC imposes $40,000 penalty

EMMA RAPAPORT  |  TUESDAY, 17 JAN 2017
Financial services firm Pershing Securities paid a $40,000 infringement notice issued by ASIC's Markets Disciplinary Panel after a failure of its automated processing system. In a statement released by ASIC, the Markets Disciplinary Panel said they ...

Pershing upgrades to Broadridge processing solution

MARK SMITH  |  WEDNESDAY, 4 FEB 2015
BNY Mellon-owned Pershing Securities Australia has adopted the Broadridge's Australian post-trade processing solution as its new middle- and back-office processing platform for third-party domestic clearing. The solution is designed to increase process ...
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