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Nomura Australia Limited Pays $30,000 infringement Notice Penalty

Nomura Australia Ltd has paid a penalty of $30,000 to ASIC in order to comply with an infringement notice given to it by the Markets Disciplinary Panel, for the entry of two orders to sell the security, Alumina Limited on 18 March 2011, that allegedly resulted in the market for AWC not being both fa
Originally Published: 
Friday, March 30, 2012

ASIC Accepts Enforceable Undertaking From Leighton Holdings

Leighton Holdings Limited has paid a total of $300,000 after The Australian Securities and Investments Commission (“ASIC”) served three infringement notices alleging the company had not complied with the continuous disclosure provisions of the Corporations Act 2001 and relevant provisions of the Aus
Originally Published: 
Sunday, March 18, 2012

Private v Public Enforcement

Originally Published: 
Wednesday, March 7, 2012
Private enforcement involves a private citizen commencing litigation based on a cause of action that is enacted not just to remedy a wrong done to the individual citizen, but also has a broader public

ASIC Accepts Enforceable Undertaking from Commonwealth Bank

ASIC announced it has accepted a court enforceable undertaking (EU) from Commonwealth Bank of Australia (“CBA”) following concerns that a message sent to its internet banking customers was misleading.
Originally Published: 
Tuesday, March 6, 2012

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