The High Court’s wider interpretation of the market manipulation provisions ASIC sec 1041
Effective market regulation demands that unfair practices like insider trading and market manipulation be prohibited and punished. While the focus is often on insider trading, last year the High Court affirmed the importance of the market manipulation provisions and its willingness to take a wider view of the provisions.
These provisions prohibit a person from engaging in a transaction that has or is likely to have the effect of creating an artificial price for trading in a financial product or maintaining at an artificial level the trading price in a financial product. 1041(a)
Collusion 1041 (e)
