The corporate regulator has settled with stockbroker Adam Blumenthal after a two-year investigation, allowing him to keep his stake in his business, EverBlu, despite admitting to market rigging and breaching director duties.
The settlement with the Australian Securities and Investments Commission also includes a five-year, court-enforceable ban on being involved in a financial services business.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
