The regulator said the penalties were the highest ever secured in connection with an ASIC matter, and that the outcome would send a strong message of deterrence.
CFD
Bank has been accused of not having in place effective systems and controls to detect and prevent potential market abuse.
The regulator said there is evidence of good practice too, but that firms can do better in adhering to the Consumer Duty.
Our regular roundup of the latest news and developments from the FCA.
The Australian Securities & Investments Commission’s latest actions and news, December 16 – 24, 2024.
PwC has received the first fine imposed on an auditor by the FCA, plus more enforcement actions.
Charges relate to unauthorized financial promotions of FX and CFDs.
It's been a relatively quiet period as far as FCA announcements go, so the latest in our regular series of roundups covers a month.