From Investing.com: 2025-06-03 19:52:00

Westpac’s wealth management unit has agreed to settle a probe with Australia’s securities regulator for failing to conduct proper oversight of financial advisers. The settlement includes a $15 million payment and an independent review of the unit’s compliance systems. The probe found the unit failed to adequately monitor adviser conduct, leading to customer harm.



Read more at Investing.com: Westpac unit to settle conduct oversight probe with Australia’s securities regulator