ASIC has banned Mr Jeremy Slater, of Elizabeth Bay in New South Wales from providing financial services for seven years.

This follows an investigation into Mr Slater’s conduct while he was a broker at Findlay Securities Ltd. The investigation revealed Mr Slater had engaged in market manipulation, misleading and deceptive conduct and unauthorised discretionary trading.

It found that his trading created an artificial price for shares in resources group Jutt Holdings Ltd (now known as Venturex Resources Ltd).

This announcement is available online at ASIC.