News

Warminger's trial shows traders' purpose important

Monday 13th of March 2017

Warminger was found to have manipulated the market twice in 2014.

The Court found against him in relation to his trading in Fisher & Paykel Healthcare and a2 Milk Company shares.

He was found in both cases to have manipulated the market by increasing the offer quote and price for the shares and maintaining them at a higher level than would otherwise have been the case.

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