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Milford action should boost confidence: NZSA
Monday 22nd of June 2015
It was revealed on Thursday that the FMA had reached a settlement with Milford. The fund manager is to pay $1.5 million.
The FMA said trading by one of Milford’s staff had breached market manipulation provisions and the Milford board had insufficient monitoring of trading activity.
The FMA is still conducting enforcement activity with the person in question, who is on extended lea...
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