ASIC: CommSec Pays $700,000 In Infringement Notice Penalties And Refunds $1.1 Million In Brokerage

Commonwealth Securities Limited (“CommSec”) has paid a total penalty of $700,000 to comply with two infringement notices given to it by the Markets Disciplinary Panel (“MDP”), and has voluntarily refunded $1.1 million in brokerage to more than 25,000 clients.