November 10, 2016 BY Valentina Kirilova
AAT stays the ASIC banning of former financial adviser for misconduct in warrants market pending review
On 8 September 2016, ASIC has banned Michael Spencer, formerly a financial adviser, from providing financial services for three years. ASIC has found that Mr Spencer engaged in manipulation of the price of three types of MINI warrants issued by Credit Suisse, commonly called "MINIs". MINIs are a type of derivative product traded on the…
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