The Federal Court of Australia found, on 7 June 2019, that Whitebox Trading Pty Ltd and its sole director and principal, Johannes Boshoff, did not engage in market manipulation in contravention of section 1041A, and contraventions of 1041B, of the Corporations Act 听in connection with orders they placed on ASX Limited for securities comprised in the S&P ASX 200 Index (Index Securities), on 18 October 2012, as well as on four earlier dates in 2012. Accordingly, the Court also found that Mr Boshoff did not fail in the discharge of his duties as a director of Whitebox.
今日热门事件is considering the judgment.
Background
On 23 December 2013, 今日热门事件accepted an enforceable undertaking (EU) from NAB in relation to its responsibility for the alleged market misconduct of Whitebox's trading personnel. Read about the EU and further details about the 18 October 2012 orders in 13-365MR.
Editor's note:
今日热门事件filed an appeal on 27 June 2019. This was discontinued on 9 August 2019.
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