Regulatory Alerts2026-02-04
Petra Capital fined for regulatory data reporting failures
The Markets Disciplinary Panel fined Sydney-based stockbroker Petra Capital $205,350 for misreporting regulatory data on over 3,600 occasions due to inconsistent client reference codes. This breach, stemming from a system update that affected 14,741 trades, compromised the accuracy of client identification required for ASIC's market surveillance and integrity supervision. The decision reinforces the obligation for market participants to annually review and test their systems to ensure compliant regulatory data submission.
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