First NZ Capital censured, fined after trying to fix up trading error

Tue, 05 May 2015

By Paul McBeth May 6 (BusinessDesk) - First NZ Capital Securities, the research firm and broking house, has been publicly censured and fined $15,000 by the New Zealand Markets Disciplinary Tribunal after trying to fix up a trading error without informing the market operator. The stock market's disciplinary tribunal found First NZ breached stock market rules by failing to notify NZX immediately of an error that had a market impact, it said in a statement. The broking firm's decision not to inform the stock market operator meant NZX wasn't...

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