KCN 1.17% $1.30 kingsgate consolidated limited.

ASIC Action!

  1. 2 Posts.
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    I have noticed a recent media release by ASIC (24-093MR dated May 2024) which describes a successful action against JP Morgan for actions which include the following characteristics, 'share trading showing suspicious characteristics' including;
    • - Trading very close to end of trading period
    • - Large proportion of small volume orders
    • - Lots of orders LESS THAN 5 shares
    • - A number of the sell orders resulted in a decrease of the share price
    • - The orders were unusual when considering the history of that share
    Does any of this ring a bell?

    Hopefully, this expands to all areas of the market. Do not hold your breath!

    J P Morgan were fined $775,000. The whole Media Release is an interesting read

    Good luck to all holders and don't be 'spooked' into selling.

    .
 
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