NAB's WealthHub fined for decade-long reporting lapses

WealthHub reportedly failed to accurately report data more than 9.5 million times.

WealthHub Securities Limited, an online broker owned by the National Australia Bank, has been fined approximately $736,600 (A$1.055m) for failure to accurately report regulatory data for over 10 years.

WealthHub failed to accurately report regulatory data more than 9.5 million times between 28 July 2014 and 31 October 2024, according to the Australian Securities and Investments Commission (ASIC).

In its decision, the Markets Disciplinary Panel said that WealthHub repeatedly failed to provide the Intermediary ID, and in some cases provided the incorrect Intermediary ID, in certain orders and trade reports submitted to market operators, including the Australian Securities Exchange (ASX), ASIC said a statement on 15 July 2026.

The Intermediary ID is the licence number of the financial services entity responsible for placing orders and trades through a trading system.

ASIC’s investigation found that WealthHub did not have or maintain the necessary organisational and technical resources to comply with its reporting obligations during the period.

WealthHub has complied with the infringement notice and paid the fine, ASIC said.

(US$1 = A$1.43; as of 17 July 2026)