penalty

Policy & Regulation

UBS Securities hit with $120,000 penalty

UBS Securities has been slapped with a $120,000 penalty by the regulator’s Markets Disciplinary Panel after it had reasonable grounds to believe that UBS contravened mark...

Financial planning

Westpac slammed with $3.3m fine for BBSW manipulation

The Federal Court has ordered Westpac to pay a $3.3 million penalty for its involvement in setting the BBSW in 2010. ...

Policy & Regulation

Melbourne fin services business cops $9m penalty

A Melbourne-based financial services and credit business has been ordered by the Federal Court to pay penalties of just under nine million for multiple breaches of obliga...

Policy & Regulation

Wilsons Advisory cops $35,000 penalty

Wilsons Advisory and Stockbroking Limited has been fined $35,000 for infringing the Australian Securities and Investments Commission’s Market Integrity Rules. ...

Superannuation

Spaceship and Tidswell penalised for promotional statements

Spaceship Financial Services and Tidswell Financial services have each paid a $12,600 penalty, following an Australian Securities and Investments Commissions investigatio...

Financial planning

MG RE fined $650,000

MG responsible entity has been fined $650,000 by the Federal Court for breaching continuous disclosure laws....

Policy & Regulation

ASIC Enforcement Review Taskforce suggests penalty increases

The ASIC Enforcement Review Taskforce has released its position paper that recommends increasing maximum civil penalty amounts for corporate and financial sector miscondu...