The Securities and Exchange Surveillance Commission (the “SESC”), today, made a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency that an administrative monetary penalty payment order be issued in regard to market manipulation by Blue Sky Capital Management Pty Ltd (“Blue Sky”) pursuant to Article 20(1) of the Act for Establishment of the Financial Services Agency. This recommendation is based on the findings of the investigation into the market manipulation, whereby the following violation of laws and ordinances was identified.
read more...↧