JPMorgan's Australia arm fined $509,000 for allowing suspicious client orders

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Jpmorgan News

Australian Securities And Investments Commission,ASIC,J.P. Morgan Securities

The Australian Securities and Investments Commission (ASIC) said it found J.P. Morgan Securities' failure to identify the suspicious trades to be 'careless' ...

- JPMorgan's Australian arm has been fined A$775,000 for allowing suspicious client orders to be placed on wheat futures trading designed to manipulate the market, the country's corporate regulator said on Thursday.

The company was found to have failed to detect 36 orders on the Eastern Australia Wheat futures between Jan. 11 and March 3, 2022 that were placed with the intention of manipulating the market. CALGARY — Canadian Utilities Ltd., a subsidiary of Calgary-based holding company ATCO Ltd., plans to build a new, $2-billion natural gas pipeline in Alberta that will supply a massive net-zero petrochemical project being built northeast of Edmonton. The project will be the largest-ever energy infrastructure project by an ATCO Energy Systems company, said chief operating officer Wayne Stensby in an interview.

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Australian Securities And Investments Commission ASIC J.P. Morgan Securities

 

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