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Showing 21 - 30 of 37 results for "MDP"

ASIC appoints to disciplinary panel

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... executive director Ian Jones have all been appointed. ASIC Commissioner Cathie Armour said: "These new appointments ensure the MDP continues to have the appropriate mix of expertise, experience and diversity in Australia's financial markets." "The MDP ...

Advice and stock broking firm fined $35k

HARRISON WORLEY  |  WEDNESDAY, 13 JUN 2018
... client's unique account number in a trade report made to the market operator. ASIC added the markets disciplinary panel (MDP) found no evidence of a deliberate attempt by Wilsons to conceal information from the regulator about the origin of orders. ...

Penalty issued for ASX rules breach

JAMIE WILLIAMSON  |  THURSDAY, 16 NOV 2017
... Group, has been ordered by ASIC's Markets Disciplinary Panel to pay the fine for breaching the ASX Market Integrity Rules. The MDP found that in July 2015 Bell Potter, acting on its own behalf, placed bids on shares in DirectMoney, the $11 million public ...

Credit Suisse fined for systems mishap

KARREN VERGARA  |  THURSDAY, 16 MAR 2017
... determine limit price appropriateness for these kinds of option market contracts, ASIC found. ASIC's Market Disciplinary Panel (MDP) found Credit Suisse's system deficiencies existed for an "unacceptable period of time." Further, the MDP noted it had ...

ASIC imposes $40,000 penalty

EMMA RAPAPORT  |  TUESDAY, 17 JAN 2017
... mapped in accordance with Pershing's instructions in the production environment," the regulator said. In December 2015, the MDP found that one of Pershing's market-making clients with direct market access through the business' automated system entered ...

CommSec pays $200,000 penalty

KERRIE SYDEE  |  WEDNESDAY, 16 NOV 2016
... deceased client and entering into unauthorised market transactions following the client's death. The Markets Disciplinary Panel (MDP) had reasonable ground to believe that CommSec broke subsection 798H(1) of the Corporations Act by reason of breaking ...

Morgan Stanley pays $123,750 penalty

KERRIE SYDEE  |  WEDNESDAY, 7 SEP 2016
... Australia has paid a penalty of $123,750 to comply with an infringement notice handed down by the Markets Disciplinary Panel (MDP). The MDP said it had "reasonable grounds" to believe that Morgan Stanley had contravened subsection 798H(1) of the Corporations ...

UBS fined $30,000 for decimal point mistake

MARK SMITH  |  FRIDAY, 19 JUL 2013
... of $30,000 after a misplaced decimal point caused the price of a BetaShares ETF to fall by 99%. Markets Disciplinary Panel (MDP) issued an infringement notice for the breach of market integrity rules. On 16 December 2011, UBS submitted an order on behalf ...

Merrill Lynch to pay $120k over compliance infringement

JAMES FERNYHOUGH  |  MONDAY, 3 JUN 2013
... (Merrill Lynch) has paid a penalty of $120,000 to comply with an infringement notice issued by the Markets Disciplinary Panel (MDP). The Australian Securities and Investments Commission (ASIC) said Merrill Lynch had failed to put in place "organisational ...

Barclays cops $80,000 fine

LINDA HAUSKEN  |  TUESDAY, 16 OCT 2012
... the best way to correct the mistake. In determining the appropriate penalty in this matter, the Markets Disciplinary Panel(MDP) noted that the unauthorised withdrawal of client money was due to the carelessness of Barclays by failing to ensure that client ...