News

FPH trading under trial spotlight

Friday 30th of September 2016

Representatives of Goldman Sachs NZ and Forsyth Barr took their turns on the stand yesterday in the country’s first market manipulation trial.

Warminger, a Milford Asset Management portfolio manager, is accused of trading behaviour which breached securities law on 10 occasions in 2014.

The Financial Markets Authority (FMA) alleges Warminger made use of cross-trading to move the pr...

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