Craigs censured, fined $30,000 by NZX over sloppy record-keeping

Mon, 01 Jun 2015

By Suze Metherell June 2 (BusinessDesk) - Craigs Investment Partners has been fined $30,000 and censured by NZX's disciplinary tribunal for failing to correctly record retail client orders in the stock market's trading system for almost two years. The brokerage and the Wellington-based stock market operator reached a settlement over Craigs' breach of market rule 15.5, which requires all retail client orders to be entered into NZX's trading system with a common shareholder number (CSN), the NZ Markets Disciplinary Tribunal said in a state...

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