Federal Court says Blumenthal market rigging was ‘serious, deliberate’
The Federal Court has found stockbroker Adam Blumenthal’s market-rigging breaches of shares in cannabis start-up Creso Pharma were serious, deliberate and repeated.
In a judgment on Wednesday, Federal Court judge Angus Stewart ordered Mr Blumenthal be banned from managing companies for five years and pay an $850,000 penalty, four months after he reached an agreement with the corporate regulator.
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