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Infringement Notice - Instinet

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Description

In this 30 minute module (including linked reading) you’ll uncover why Instinet Pty Ltd received an infringement notice in relation to their AOP filters and related wash trading by their client. You will also find out how similar breaches can be prevented and mitigated.
CPD/MCLE hours/units - 0.5

Copyright
You have permission to post this, email this, print this, copy this for fair use as long as you make no changes or edits to its original contents or digital format. We reserve the right to bind it and sell it as a book.

Disclaimer
This course should be used as a guide only and not meant to replace any specific advice from your employer. Please be sure to take specialist advice if you are in doubt. MIntegrity, its employees and contractors disclaim all and any liability to any persons whatsoever in respect of anything done by any person in reliance, whether whole or in part, on this e-learning course.

Content
  • Introduction
  • Introduction
  • Timeline of events
  • MIR 5.6.1
  • What does MIR 5.6.1 require of participants?
  • How did Instinet breach this rule?
  • How were Instinet able to offer an AOP system without appropriate filters?
  • How should Instinet have responded?
  • Is a $130,000 penalty typical in this sort of situation?
  • What factors contributed to Instinet’s penalty?
  • Model Behaviour
  • Complying with MIR 5.6.1
  • Complying with MIR 5.6.1 - pg2/2...
  • Model timeline
  • Summary Quiz
  • Summary Quiz
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: Forever