All posts tagged "compensation"
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160EnforcementJapan SESC Recommends $22mn Fine for Nissan Underreporting
The fine would be Japan’s second-largest ever for false reporting on a corporate financial statement, after the 7.3 billion yen fine imposed on Toshiba in 2015.
December 11, 2019 -
321Australia & NZCBA’s CommInsure Faces A$1.85mn Penalty for Unsolicited Sales Calls
The penalty will be in addition to the A$12mn CommInsure has said it will pay to 30,000 policyholders to remediate telephone sales conduct issues.
November 21, 2019 -
619EnforcementUBS Fined in Singapore for Pricing Deception by Advisers
The MAS penalty follows similar action taken against UBS by the Hong Kong SFC to penalise the bank and demand compensation for clients that were overcharged over a ten-year period.
November 18, 2019 -
312Enforcement
UBS to Pay HK$600m in Fines and Compensation for Overcharging Clients
The SFC reprimanded and fined UBS for overcharging clients over a ten-year period, affecting 5,000 Hong Kong-managed client accounts in over 28,000 transactions.
November 12, 2019 -
271Australia & NZAFCA Launches Consumer Complaint Monitoring Tool
Datacube will allow Australian consumers to see how financial institutions are responding to complaints brought to the one year-old consumer complaints body.
November 12, 2019 -
424EnforcementFSS to Conclude Probe into Derivatives Mis-selling This Week
The FSS will conclude its investigation into KEB Hana and Woori Bank this week. KEB Hana and its CEO are expected to face higher penalties for 'obstructing' the investigation.
October 28, 2019 -
270EnforcementKorean Court Orders CoinOne to Compensate Hacked Client
South Korean crypto exchange CoinOne has been ordered to repay a client after a hacker who stole his login information was able to withdraw 25mn won over the withdrawal limit.
October 7, 2019 -
277Australia & NZNAB Sets Aside Additional Remediation Provisions
Combined with what has already been set aside, the new A$832mn in provisions for customer-related remediation brings total provisioning to over A$2bn.
October 2, 2019 -
405EnforcementUPDATED – Woori, KEB Hana Likely to Compensate Investors in Risky Products
The FSS is outlining compensation guidelines and initiating dispute mediation proceedings for investors who lost money in derivative-linked funds.
September 23, 2019 -
479Australia & NZClearView Completes Advice Remediation Programme
Financial compensation totalling A$730,000 was offered to 215 clients who were harmed by poor advice, while another 21 clients received non-financial remediation.
September 20, 2019
