Monday 21 December 2009

ALLIED BRANDS TARGETED IN ASIC CRACKDOWN ON INSIDER TRADING

Allied Brands Ltd. (ABQ) routinely has "suspicious" trading patterns prior to their so-called major announcements being made to the market.


This has included a sharp sell-off prior to their profit collapse - a collapse the company was denying in public and in press releases just prior to the announcement.

The ASIC today has announced a crackdown on such rogue trading practices.



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