The Australian Securities Exchange Disciplinary Tribunal has fined Perth's oldest stockbroking firm, DJ Carmichael, $25,000 after an advisor ran a discretionary account for a client and made 21 transactions without the client's approval.

The Australian Securities Exchange Disciplinary Tribunal has fined Perth's oldest stockbroking firm, DJ Carmichael, $25,000 after an advisor ran a discretionary account for a client and made 21 transactions without the client's approval.