Fine
Nine US investment advice firms charged with regulatory breaches
They have all agreed to pay combined penalties of over $1m
Westpac superannuation subsidiary fined A$20m
For charging clients commission despite the practice being banned since 2013
Gam fined £9m for conflicts of interest involving Greensill
Sacked bond manager received £22,000 worth of gifts and entertainment
Isle of Man tax avoidance promoter fined £150,000
It ‘used a series of tactics to try and frustrate’ HMRC
US regulator fines 12 firms for regulatory breaches
It has now charged 42 companies for failing to meet client reporting obligations