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The ASX 200 has fined Tricom Equities a record $1.35 million dollars plus GST for 'blatant and unmistakeable' market manipulation.
Tricom, now called Stonebridge, also failed to meet payment obligations on time.
The ASX 200 said some of the contraventions were so significant and serious they deserved the highest fine available at the time.
It said Tricom's conduct could have 'seriously undermined the integrity of the market'.
The first transgressions relate to settlement failure in January and February 2008 which caused a signficant fall in the market.
Other offences include manipulative trading in small caps stocks such as Thinksmart and ARP Data.
Tricom said it knew the fine was coming and has changed its management practices so the breaches won't happen again.
