FMA found nothing untoward in SkyCity share trading before casino statement

Thu, 09 Apr 2015

By Jonathan Underhill April 9 (BusinessDesk) - The Financial Markets Authority says it found nothing of concern in trading of SkyCity Entertainment Group shares ahead of a government announcement that it wouldn't help fund Auckland's convention centre. The regulator worked with the NZX to look into share trading in the week of Feb. 9-13 after receiving two complaints, including one from Winston Peters. The NZ First leader said there was a suspicious spike in the volume of SkyCity shares on Friday, Feb. 13, with 3.4 million traded. The gov...

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