ASIC: CommSec And AUSIEX To Pay Penalty Of Over $27 Million For Systemic ompliance Failures

<p><span>The Federal Court has ordered Commonwealth Securities Limited (CommSec) and Australian Investment Exchange Limited (AUSIEX) pay a penalty of $20 million and $7.12 million respectively for breaches of the Market Integrity Rules, Corporations Act and ASIC Act (CommSec only) for systemic compliance failures, including overcharging brokerage fees to CommSec customers on 120,933 occasions, totalling over $4.3 million.</span></p>

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