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Australia
1 mins to read

ASIC fines Interactive Brokers A$832k over 'suspicious trades'

A trader used platform, which has NZ clients, to unusually trade in shares of an ASX-listed medtech company which held share price to high of day.

The trades were in ASX-listed Orthocell.

Lachlan Colquhoun Thu, 21 Sep 2023

Interactive Brokers, a US-based platform for international trading which has clients in New Zealand, has been fined by the Australian Securities and Investment Commission for negligence on suspicious trades.

The ASIC Market Disciplinary Panel (MDP) yesterday issued an infringement notice with an

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Lachlan Colquhoun Thu, 21 Sep 2023
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Company profile
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Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Related News
Australia

ASIC sues PayPal for retaining wrongful fees
Australia

ASIC sues Westpac over customer hardship failures
Law

Aussie broker fined $950k for unfair buyback deal
Law

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Law

ASIC cites ‘concern’ over provision for AML penalties
ASIC fines Interactive Brokers A$832k over 'suspicious trades'
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