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Showing 31 - 34 of 34 results for "Markets Disciplinary Panel"

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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