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ASIC roundup: Death benefit claims failures, market manipulation, and wash trading
The Australian Securities & Investments Commission’s latest actions and news, March 10 – 14, 2025.
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Energi Danmark fined for manipulating the Nordic electricity market
Energi Danmark A/S has agreed to pay a fine of DKr 380,000 for violating a ban on market manipulation under REMIT.
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AMF fines three individuals for alleged market manipulation
The share price of 39 companies was swayed in order to generate profits for members of the group.
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Danske Bank fined NKr 50m for market manipulation
According to the Norwegian regulator a reference swap rate was intentionally driven higher at the time of pricing in order to produce higher trading profits.
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Spotlight on new reporting obligations for energy markets participants
The next set of REMIT obligations include the monitoring and reporting of suspicious transactions or order reports.
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SEC and DOJ charge crypto financial services firms and developers for wash trading
Billing themselves as market makers, the alleged fraudsters were in the business of illicit wash trading and promotion.
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Energy’s rising importance is matched by regulatory scrutiny
Government concern about the state of the energy markets has led to new rules, and to action by regulators targeted at the energy and commodity sector.
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CFTC orders energy trader to pay $48m for attempted market manipulation
The CFTC alleged energy market price manipulation in this case, leading to a $48m fine and a message to other businesses about broker tactics.