ASX directors to quit after fine

Finemore, Aboud preparing to resign amid share-trading scandal.

Two directors of the Australian Securities Exchange (ASX), Shane Finemore and Russell Aboud, are preparing to resign their positions over dealings by their $1.5 billion hedge fund Manikay Partners, according to The Australian.

The directors will reportedly resign Thursday morning.

The United States Securities and Exchange Commission has fined Manikay for short-selling shares in Citigroup in 2009.

Manikay is among 23 funds caught in the SEC crackdown on short-selling.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles