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Showing 31 - 40 of 40 results for "Markets Disciplinary Panel"

Morgan Stanley pays $123,750 penalty

KERRIE SYDEE  |  WEDNESDAY, 7 SEP 2016
... Stanley 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 ...

CommSec hit with $700,000 fines

ALEX BURKE  |  FRIDAY, 2 SEP 2016
... penalties and voluntarily refunded $1.1 million in brokerage. The infringement notices were given by ASIC's Markets Disciplinary Panel, which the regulator said "had reasonable grounds to believe CommSec contravened subsection 798H(1) of the Corporations ...

ASIC appoints markets disciplinary chair

ALEX BURKE  |  TUESDAY, 2 AUG 2016
ASIC has appointed the chair of its markets disciplinary panel. Serving a two-year term from August 1, Simon Gray is the former deputy chair of the panel. He is also the deputy chief executive of Shaw and Partners, a member of ASIC's market supervision ...

VFMC appoints risk manager from AIA

ALEX BURKE  |  WEDNESDAY, 1 JUN 2016
... Financial Planning Association of Australia. This appointment follows the news that VFMC has appointed ASIC markets disciplinary panel chair Lisa Gay and former NAB executive general manager corporate affairs Paula Bensom as two new directors of the ...

VFMC appoints two new directors

DARREN SNYDER  |  WEDNESDAY, 18 MAY 2016
... education sectors. Gay is currently chair of the Australian Securities and Investment Commission's (ASIC) Markets Disciplinary Panel, a non-executive director at Koda Capital, and a member of the Council of Trustees at the National Gallery of Victoria. ...

Merrill Lynch Equities Australia handed $96,000 fine

MARK SMITH  |  FRIDAY, 12 SEP 2014
... Australia has been forced to pay a $96,000 fine to comply with an infringement notice given to it by the Markets Disciplinary Panel. The Australian Securities and Investments Commission (ASIC) said the company received the penalty for failing to have ...

UBS fined $30,000 for decimal point mistake

MARK SMITH  |  FRIDAY, 19 JUL 2013
... fine 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 ...

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
... on 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 ...

ASIC bans two advisers

MELANIE TIMBRELL  |  TUESDAY, 25 SEP 2012
... related news, CommSec has paid a $50,000 penalty to ASIC to comply with an infringement notice from the Markets Disciplinary Panel (MDP) for the execution of 48 crossings. The MDP found that between 4 August 2010 and 20 January 2011, CommSec, on account ...
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