'Licensee for hire' Lanterne receives Federal Court penalty
The Federal Court has issued a seven-figure penalty against Lanterne Fund Services, a wholesale licensee which operated as a ‘licensee for hire’.
Source: moneymanagement.com.au
Peter Cozens News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Peter Cozens. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Peter Cozens Today - Breaking & Trending Today
'Woeful' Australian financial service firm fined A$1.25m
The National Business Review Online is New Zealand's authority in breaking business news and analysis.
Source: nbr.co.nz
'Licensee for hire' fined $1.25m by court
Lanterne Fund Services was issued a $1.25 million penalty by the Federal Court for failing to comply with basic obligations, including operating with almost no compliance staff or risk management processes.
Source: financialstandard.com.au
Felled silver maple crushes a car but keeps its silver lining
This is a story about a tree destroying a Leaf and becoming a bowl.
Source: cpr.org
ASIC mounts legal proceedings against Lanterne Fund Services
Around 60 financial services providers operated under the licence of Lanterne Fund Services, including entities linked to racing personality Tom Waterhouse and the TV show Shark Tank.
Source: theage.com.au