The former head trader allocated new issues acquired for retail clients to his employer's trading accounts or his own personal trading accounts
Penalties added for unauthorized outside business activity
Former fund rep admitted to advising without registration and misleading investors
Australian regulator gets enhanced enforcement capabilities
Ruling to enable sharing of data is first of its kind
"The respondent took advantage of her. The facts are shocking," an MFDA panel said
The MFDA alleged the rep launched a coffee business with a client and solicited investments in the business from several others
At issue was whether the broker knew—or should have known—that a trading tip was based on inside information
Applications are due March 1
Panel calls Michelle Dunk’s misconduct “extremely serious”