OpenMarkets Australia Pays $200,000 Penalty Following ASIC Notice
Posted: Wed Sep 27, 2017 5:56 am
OpenMarkets, one of the leading stockbrokers in Australia, has reconciled a $200,000 fine, following an infringement notice from the country’s Markets Disciplinary Panel (MDP). The watchdog had asserted that OpenMarkets breached market integrity rules with regard to ASX and Chi-X Australia Market.
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The stockbroker had come under fire from the Australia Securities and Investment Commission’s (ASIC) panel, specifically regarding the period between 2015 and 2016. More specifically, the group found various lapses in market integrity rules, including ... (read more)