Regulatory Alerts2025-09-02
Societe Generale Securities Australia fined $3.88 million for market gatekeeper failures
ASIC fined Societe Generale Securities Australia $3.88 million for failing to prevent 33 suspicious orders that attempted to manipulate ASX 24 electricity and wheat futures prices. The Market Disciplinary Panel found the firm reckless in ignoring repeated warnings and lacking adequate compliance controls to detect manipulative trading by its clients. This enforcement action underscores the critical duty of market gatekeepers to maintain integrity and prevent false appearances in regulated derivatives markets.
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