Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
Business
Jacob Shteyman

Record fine for broker with history of non-compliance

A retail broker has been slapped with a record multi-million dollar fine by the corporate watchdog. (Dan Himbrechts/AAP PHOTOS) (AAP)

One of Australia's largest retail brokers has been slapped with a record fine and a former head of trading banned after the corporate watchdog found it contravened numerous market integrity rules.

Openmarkets, which clears more than $50 billion in trades annually, agreed to pay $4.5 million to the Australian Securities and Investments Commission and appoint an independent expert to help reform the business.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.