First NZ Capital censured, fined for unintentionally 'negligent' trading

Sun, 02 Sep 2018

By Paul McBeth Sept. 3 (BusinessDesk) - First NZ Capital has been publicly censured and fined by NZX regulation over a complex trade of Auckland International Airport shares almost two years after the fact that led to a "disorderly market". Stock market operator and supervisor NZX and FNZC reached a settlement over the Dec. 30, 2016 trading on Aug. 28, agreeing that the broking house breached several listing rules by accepting an order with "complex execution instructions" to sell 698,956 Auckland Airport shares, worth $4.6 million at th...

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