UBS fined $280,000 in Australia for order execution and disclosure issues LeapRate

June 15, 2017 BY Valentina Kirilova

UBS fined $280,000 in Australia for order execution and disclosure issues

UBS Securities Australia Limited has paid penalties totalling $280,000 to comply with two infringement notices given to it by the Markets Disciplinary Panel (the MDP), ASIC announced earlier today. The first infringement notice ($140,000) relates to the operation, use and monitoring of a crossing system known as UBS Price Improvement Network (UBS PIN). The second…

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…

January 16, 2017 BY Valentina Kirilova

Pershing Securities pays $40,000 in infringement notice penalty

Pershing Securities Australia Pty Ltd has paid a penalty of $40,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP), ASIC just announced. In December 2015, a market-making client of Pershing with direct market access through their AOP system had entered orders into the trading platform of ASX in…

Tag: Markets Disciplinary Panel

UBS fined $280,000 in Australia for order execution and disclosure issues

Pershing Securities pays $40,000 in infringement notice penalty

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