FMA files charges against ERoad staffers over insider trading

Wed, 08 Mar 2017

By Paul McBeth March 9 (BusinessDesk) - The Financial Markets Authority has charged two ERoad staffers with insider trading in late 2015, but stressed the logistics and fleet management software and hardware developer is in the clear. The market watchdog filed charges in the Auckland District Court that a current ERoad employee sent text messages to a former staff member containing confidential and material information about the company's performance in the period to Sept. 30, 2015. That former employee went on to trade 15,000 shares, it...

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