NAB’s WealthHub fined over $1 million for reporting failures

26-154MR

infringement15 July 2026Penalty $1.05M

Respondent

WealthHub Securities Limited

Facts

WealthHub Securities Limited (WealthHub), an online broker owned by National Australia Bank (NAB), has been fined $1.055 million by the Markets Disciplinary Panel (MDP) relating to failures to accurately report regulatory data more than 9.5 million times over a 10-year period.

Outcome

Markets Disciplinary Panel penalty of $1,055,000 — WealthHub Securities Limited (NAB-owned online broker), for failing to report accurate regulatory data (Intermediary ID) over 10 years, following an ASIC investigation (2026-07-15). See the ASIC source for the full terms.

What does this action mean for your compliance program?Hand this question to the Rules Mate AI advisor — it is already written for you. Cited answers from the live obligation, regulator and enforcement corpus.Ask the AI advisor

Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2026-releases/26-154mr-nab-s-wealthhub-fined-over-1-million-for-reporting-failures

Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.