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Misconduct ruled out in trading of AMP shares

The Australian Securities and Investments Commission (Asic), the Australian regulator, has found no wrongdoing following its enquiry into unusual futures trading ahead of insurer AMP's demerger announcement.

Asic launched a review of trading into late movements in the SPI 200 futures contract on April 30 to determine if the unusually high movement could have been a result of insider knowledge of AMP's demerger plans, made public on May 1.

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