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Showing 21 - 30 of 57 results for "market integrity rules"

ASIC drags CommSec to court

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
... there were systemic compliance failures at the trading platform and that CommSec and AUSIEX breached the market integrity rules, Corporations Act and ASIC Act. ASIC alleges the conduct spanned a significant period of time and involved failures across ...

ASIC to review impact of ASX outage

KANIKA SOOD  |  TUESDAY, 22 DEC 2020
... have in place arrangements to access an alternative venue is consistent with their obligations under the market integrity rules and their best-execution duty to their clients," it said in a statement. ASIC said it has two primary concerns with the outage ...

ASIC investigates ASX

ELIZABETH MCARTHUR  |  MONDAY, 23 NOV 2020
... transactions conducted on Centre Point may no longer constitute a trade with price improvement under the ASIC Market Integrity Rules. "ASIC is concerned that there have been further issues with infrastructure at ASX and is working with stakeholders to ...

ASX runs into trouble again

KANIKA SOOD  |  WEDNESDAY, 18 NOV 2020
... conducted on Centre Point may no longer constitute a Trade with Price Improvement under Rule 6.2.3 of the ASIC Market Integrity Rules (Securities Markets) 2017 (Rules)," ASIC said. "As a result, orders may no longer fall within the exceptions to the ...

ASIC releases weekly regulatory tracker

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
... were published monthly. Since the beginning of March there has been 25 regulatory changes, including to market integrity rules, implementing recommendations from the Royal Commission and guidance on AFSL requirements. ASIC said it remains committed to ...

Financial regulators poised for action

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
... trades allowed to be executed each day by the big players in the equity market. Directions issued under its market integrity rules will reduce the number of trades allowed by "a number of large equity market participants" by 25% from the levels they ...

ASIC fines Finclear $70,000

KRISTI CHENG, KARREN VERGARA  |  FRIDAY, 9 AUG 2019
... to comply with on-market buy-back rules. The Markets Disciplinary Panel (MDP) found Finclear contravened market integrity rules in relation to a pre-arranged crossing in April 2018 for an on-market buy-back to take place on the Chi-X. The crossing of ...

Macquarie Securities cops ASIC penalty

KANIKA SOOD  |  MONDAY, 3 JUN 2019
Macquarie's securities business has paid a $300,000 penalty for contravening market integrity rules, the corporate regulator said this morning. ASIC issued an infringement notice to Macquarie Securities on May 3, after its markets disciplinary panel ...

ASIC appoints to disciplinary panel

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... the decisions about whether infringement notices should be given for the alleged contraventions of the market integrity rules. Macquarie Securities' head of US cash equities Dan Ritchie, Morgans institutional adviser for equities Lisa Shand, Credit Suisee ...

Court fines stockbroker $350k

KARREN VERGARA  |  THURSDAY, 22 NOV 2018
... The Federal Court has ordered a stockbroking firm to pay a $350,000 penalty for failing to comply with Market Integrity Rules. In early March 2011, State One Stockbroking placed 19 bids on behalf of a client when it should have reasonably suspected the ...