$100,000 fine in Pushpay insider trading case

The person involved in the Pushpay insider trading case was found guilty earlier this year after a four-week trial. (Image: Pushpay)

Staff reporters

Fri, 03 Nov 2023

The person found guilty of insider conduct in relation to the sale of shares in Pushpay Holdings has been sentenced to six months’ community detention and must pay a fine of $100,000, the Financial Markets Authority said.The individual, who has interim name suppression, was found guilty by a jury following a four-week trial at the high court in Auckland in August.The crown submitted that the appropriate final sentence for the offender was in the range of 26.5 to 39.5 months’ imprisonment.The case, brought by the Financial Markets Au...

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