The penalty is the largest ever penalty handed down for breaches of the Market Integrity Rules. In addition to the penalties, the Court ordered an independent review and assessment of all systems and controls relating to the provision of financial services by CommSec and AUSIEX, along with a review of the remediation undertaken by the entities. The Court declared that CommSec and AUSIEX contravened the Market Integrity Rules on multiple occasions, including when: The Court also held that CommSec made a false or misleading representation by stating that it considered ASX CentrePoint (ASXCP) as an execution venue for those customers who submitted orders via the ASB Securities Limited (ASB) trading platform, when it did not consider ASXCP as an execution venue for those orders. This meant customers who placed certain orders via the ASB trading platform were excluded from trading on ASXCP, despite being advised that their orders could be traded there.