Sun, 4th May 2025

In this week's Financial News Wrap, the Federal Court fined DOD Bookkeeping $11 million for promoting in-house property investments through inappropriate bonuses, leading the Australian Securities and Investments Commission to emphasize its commitment to consumer protection. In corporate news, La Trobe Financial aims to manage $30 billion in assets with the aid of newly appointed Head of Strategic Analytics and Projects, Himanshu Yadav. Accounting software provider Class has expanded its data programme with new integration with Automic's data stream, improving access to share registry data and automating data entry. Cybercrime is on the rise as a Melbourne man lost $20,000 in an email scam, prompting the Australian Financial Complaints Authority to demand better security measures from banks.