"ASIC said CommSec placed 48 trades of Oaks Hotels & Resorts Limited shares that "involved no change in beneficial ownership and falsely represented 11.88 per cent on bona fide volume in (Oaks Hotels shares), creating the misleading appearance of active trading".
and " CommSec said that the client placed 96 orders in the shares, 48 under the account name of the client and 48 under the account name of the client's wife, which are the subject of the fines." continues
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Doesnt Algorithmic trading "CREATE THE MISLEADING APPEARANCE OF ACTIVE TRADING"?
