VCR ventracor limited

It certainly seems they are no stranger to manipulation...Anyone...

  1. 177 Posts.
    It certainly seems they are no stranger to manipulation...

    Anyone have contacts in ABN Amro?

    Item 1:
    ABN Amro Morgans has copped a $175,000 fine this week from the Australian Securities Exchange disciplinary tribunal after the tribunal found that one of the company's brokers had helped manipulate the price of Genetic Technologies stocks in mid-2006..

    Item 2:
    Share price manipulation earns ABN a £900,000 fine. Trader must pay £70,000 but escapes ban.
    The financial services authority yesterday slapped a £900,000 fine on Dutch-owned ABN Amro and one of its most senior traders for manipulating share prices.

    Item 3:
    The LSE revealed yesterday it had fined the two a total of pounds 350,000, following a series of infringements in autumn last year. In a statement, the LSE said that both Morgan Stanley and ABN Amro had been found guilty of an "act of misconduct" after acting on instructions from a client that included a request to manipulate the price of a particular London stock. ABN Amro, found to have infringed the rules on several occasions, was fined pounds 250,000, the second-largest public penalty in LSE history.

    Item 4:
    ABN Amro buys whistleblower's silence
    ABN Amro has agreed a financial compensation package with its former employee Thomas Conlon, who was head of the judicial division in the UK. The agreement has been made on condition of Mr Conlon withdrawing his claim, which was to be heard in a court case on Monday. Mr Conlon claimed he had been summarily dismissed for intending to raise matters such as inside trading and market manipulation at the bank.

    Item 5:
    ASX chief supervision officer Eric Mayne said there had been a definite increase in suspected market manipulation breaches.
    "It's not unexpected in a bear market that there would be an increase in market manipulation,'' Mr Mayne said. "We tend to find in a bear market an increase in manipulation and certainly there have been more matters before the disciplinary tribunal this year.
    "We had ABN Amro which agreed to a $175,000 fine and there are a couple of others still before the tribunal and a number of matters in the pipeline that we are likely to take action on for market manipulation,'' Mr Mayne said.
    According to the figures for the year to date there have been 20 breaches of market manipulation which have been referred to the Australian Securities and Investments Commission this year compared to just 11 breaches last year.
 
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