Bellamy’s pays penalty for alleged continuous disclosure breach LeapRate

October 11, 2017 BY Valentina Kirilova

Bellamy's pays penalty for alleged continuous disclosure breach

ASX-listed company Bellamy's Australia Limited (Bellamy's) has paid a penalty of $66,000 after ASIC issued an infringement notice for an alleged failure by Bellamy's to comply with its continuous disclosure obligations. The infringement notice was issued following an investigation into matters arising from an announcement on 2 December 2016 by Bellamy's to the ASX stating…

March 20, 2017 BY Valentina Kirilova

Former director fined for failing to notify market of share trading

Mr Angus Matthew Holt, of Sunshine Beach, Queensland, has been convicted and fined in the Maroochydore Magistrates Court for failing to lodge notices regarding his share trading during the period 13 January 2015 to 3 July 2015. Mr Holt was a director and executive chairman of Optiscan Imaging Limited between February 2009 and July 2015.…

March 15, 2017 BY LeapRate Staff

Credit Suisse fined $170,000 in Australia for order filtering issues

Australia financial regulator ASIC has announced that Credit Suisse Equities (Australia) Limited, an Australian unit of global banking firm Credit Suisse Group AG (ADR) (NYSE:CS) has paid a penalty of AUD $170,000 to comply with an infringement notice from ASIC's Markets Disciplinary Panel (MDP). The MDP had reasonable grounds to believe that Credit Suisse had contravened…

February 20, 2017 BY Valentina Kirilova

Share Investing pays $130,000 in infringement notice penalty

Share Investing Limited has paid a penalty of $130,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The MDP had reasonable grounds to believe that Share Investing had contravened subsection 798H(1) of the Corporations Act 2001 (Cth) by failing to comply with Rule 5.7.1(b)(iii) of the ASIC Market…

November 09, 2016 BY LeapRate Staff

Australia's Cash Converters pays $12 million in fines and refunds following ASIC investigation

Australia's financial regulator ASIC has announced that, following an ASIC investigation, payday lender Cash Converters will refund $10.8 million to consumers who received small amount loans under approximately 118,000 small amount credit contracts. Cash Converters has also paid a $1.35 million penalty following the issuing of infringement notices by ASIC. ASIC has agreed to accept…

September 02, 2016 BY LeapRate Staff

Australian online broker CommSec hit with $700,000 ASIC fine

Australia financial regulator ASIC has announced that CommSec (Commonwealth Securities Limited (CommSec), one of Australia's largest online brokers, has paid a total penalty of AUD $700,000 to comply with two infringement notices given to it by ASIC's Markets Disciplinary Panel (MDP), and has voluntarily refunded $1.1 million in brokerage to more than 25,000 clients. The MDP had reasonable…

April 13, 2016 BY LeapRate Staff

Australia regulator ASIC fines Deutsche Bank for trading violations

Australia financial regulator ASIC has issued an AUD $20,000 fine to the Australian unit of German banking giant Deutsche Bank AG (FRA:DBK), to comply with an infringement notice given by ASIC's Markets Disciplinary Panel. The penalty was for Deutsche Bank failing to make the necessary enquiry through the message facility of the ASX 24 Market and wait…

December 10, 2015 BY Maria Nikolova

ASIC sanctions D2MX over failure to put in place price movement automated filters

Just a day after the Australian Securities & Investments Commission (ASIC) said it had imposed a monetary penalty on Etrade Australia Securities Limited over an order handling infringement, the Australian regulator is again sanctioning a company for similar reasons. D2MX Pty Ltd (D2MX) has agreed to pay a penalty of $120,000 to comply with an infringement…

December 16, 2014 BY LeapRate Staff

Interactive Brokers hit by ASIC for $1.6 million for margin lending to Australian traders

The long arm of Australian law... Australia's financial regulator ASIC has settled with US-based online trading firm Interactive Brokers (NASDAQ:IBKR) on an agreement which will see IBKR refund $1.5 million in fees and commissions to its Australian clients which were granted margin lending facilities between 2010 and 2013. IBKR made margin loans to Australian clients…

Tag: ASIC fine