As the FCA intensifies its scrutiny of private markets, compliance executives face a battle over third-party supply-chain resilience and the fracturing of internal AI governance.
Conflict of interest
While not new rules, these observations remind us that SEC examinations prioritize whether actual practices match a firm’s disclosures, policies, and fiduciary duties, rather than its original intentions.
Imposed sanctions relate to statutory audits of four companies belonging to the same ownership group and were carried out between 2018 and 2020.
Identified problems included nondisclosure of advisers’ financial incentives and clients being charged for services they did not receive.
Insights from the recent hedge funds event at Global Relay’s London offices. We discuss the change, the pain, and offer up some advice.
“The Cash Flow King” was ordered to pay disgorgement of $2,967,535 and prejudgment interest thereon of $340,396 to the SEC, which was deemed satisfied by the restitution ordered in the DOJ’s parallel criminal case.
Review reveals shortcomings including lack of clarity in existing policies, failure to carry self-assessment, and narrow scope on what counts as conflict of interest.
ASIC roundup: Court upholds A$250m penalty on ASX, Netwealth to pay over A$100m in compensation
Premium
The Australian Securities and Investments Commission’s latest actions and news, December 15 – 19, 2025.