ASIC's Adam Blumenthal action: Why did regulator take civil action against a market rigger?
Regulators had launched raids in 2021 into trading with a Sydney stockbroker and an influencer. A confession was extracted, only on a civil penalty basis.
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Regulators had launched raids in 2021 into trading with a Sydney stockbroker and an influencer. A confession was extracted, only on a civil penalty basis.
‘Finfluencers’ who use social media to promote listed stocks are in regulators’ sights. That's the message from Australia’s securities regulator, the Australian Securities and...
The Swami judgement will pile more pressure on ASIC to monitor and take action against misleading and deceptive conduct on sharemarket forums, a fund manager added.
Australian shares are expected to surge even after US stocks suffered and the Bank of Japan caught markets off guard. US Treasuries slumped. The $A was down.
A GameStop-style squeeze is unlikely to happen in Australia, but the bourse is alert to other stock pumping activity and the growing influence of retail investors.