News

FMA: Settlement better than going to court

Thursday 18th of June 2015

Rob Everett said the agreement with Milford was a sizeable settlement - not seen as a slap on the wrist by the fund manager or the regulator.

The FMA revealed this morning that it had finished its investigation into trading activity between December 2013 and August 2014 by a trader employed by Milford.

It said it considered the conduct had breached market manipulation prohibitions...

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