CommSec and AUSIEX demonstrated "widespread, systemic compliance failures" over a nine-year period, said ASIC deputy chair Sarah Court.
October 28, 2022The FMA is proposing to update its 2014 guidance to align with regulatory updates and incorporate additional guidance for custodians.
September 28, 2022The SFC said RBC Investment Services failed to segregate client money and transferred securities from client accounts without valid standing authority.
July 21, 2022OM Financial, which amalgamated with Jarden in March 2021, transfered its own money into the trust account designated to hold investor money.
October 19, 2021The broker transferred client money through bank accounts he owned to help two clients transfer money to/from the Mainland, among other violations.
September 1, 2021The SEC has proposed new additional requirements for digital asset businesses regarding the custody of clients’ assets, both fiat money and cryptocurrency.
August 31, 2021Banks have until 1 January to comply with the new rules, which seek to prevent the theft of client money by customer relationship managers.
August 26, 2021Independent expert did not identify any deficiencies in the adequacy and effectiveness of SocGen's client money controls.
June 27, 2021The charges against EC Audit and its director allege that the audits of Halifax Investment Services were not conducted in accordance with the relevant standards.
June 10, 2021The ABA suggests that ASIC be charged with supervising fee structures of debt management firms to further protect consumers, among other recommendations.
February 17, 2021