The Supreme Court of WA has sentenced a financial consultant to 15 months' imprisonment over his involvement in manipulating the share price of an ASX-listed mining company.
The Australian Securities and Investments Commission has launched civil proceedings against Perth-based State One Stockbroking, and in a separate matter has accepted undertakings from two liquidators employed by Melsom Robson.
The Australian Securities Exchange has delayed the introduction of tougher listing requirements by three months, after stockbrokers and corporate advisers expressed concern about the changes.
Fifteen local broking, legal and advisory firms have teamed up to put forward their concerns with the ASX's proposed changes to its listing requirements, and to advocate three particular amendments.
Perth-based State One Stockbroking and online broking division Amscot Stockbroking are the first brokers in Western Australia to operate the ASX's new managed fund settlement service.
WESTERN Australian stockbrokers CPS Securities and Indian Ocean Capital have agreed to merge to create the ninth biggest stockbroking operation in the state.
Perth-based State One Stockbroking faces a $235,000 fine for alleged manipulative trading after the industry's appeal tribunal approved an increased penalty.
