CSFB hit with $110,000 fine

Stockbroker CSFB Australia Equities has been fined $110,000 by the ASX for a “front-running” incident in 2002. Front-running entails putting another party's interest before your client's and generally applies to warning investors that a big buy or sell order is coming. The trade in question was handled by Jonathan Rabinovitz who now works for Shaw Stockbroking and involved shares in Commander Communications.