Commonwealth Bank's share trading business CommSec has been fined A$200,000 for entering into transactions without instructions from the client. In March 2014 CommSec was notified that the client, who had an equity account and a margin loan account, had died. Between March and October that year CommSec carried out 59 transactions on the instructions of a family member. The family member was authorised to trade the margin loan account in the event of a margin call but not to provide instructions to enter into any of the transactions that were carried out. CommSec should have put a lock on the account after being notified of the client's death. The Australian Securities and Investments Commission said it was not the only problem at CommSec in relation to deceased estates at the time.