
News Bites
FMA files market manipulation case

Wednesday 14th of December 2022
The case centres on five small orders for RUA’s shares that Cheng made over a 10-day period during late 2020 via a broking account he held with ASB Securities. The FMA alleges Cheng’s orders lacked a genuine commercial purpose and were aimed at increasing the price and/or demand for RUA shares at a time when he held a material shareholding in the company.
The FMA claim conta...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
2 min read