Fine
AMP subsidiaries fined A$14.5m over fees for no service
Over 1,400 clients were charged for financial advice they didn’t receive
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