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ASIC s Adam Blumenthal action: Why did regulator take civil action against a market rigger?

Regulators had launched raids in 2021 into trading with a Sydney stockbroker and an influencer. A confession was extracted, only on a civil penalty basis.

ASIC takes action on EverBlu, director

ASIC commenced civil penalty proceedings against Adam Blumenthal, the director of investment bank EverBlu Capital, for alleged market rigging and failing in his duties as a director to manage conflicts of interest.

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