ASIC to investigate company rumour-mongering
ABC NEWS
The corporate regulator has announced it is examining the spread of alleged false rumours about a number of companies including Macquarie Bank.
The Australian Securities and Investments Commission (ASIC) says it is expanding its investigations into the integrity of Australian markets which began in March this year.
It says it will also be looking at market manipulation, after an increase in complaints about rumour-mongering because of the recent market volatility.
ASIC says pushing false rumours without properly investigating the truth can attract a maximum five-year prison term as well as fine of more than $200,000.
be careful what you post
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