FMA's case based on 'speculation, supposition and restrospective hindsight', Warminger's lawyer says

Mon, 10 Oct 2016

By Fiona Rotherham Oct. 10 (BusinessDesk) - The defence opened its evidence in the Financial Market Authority’s case against Milford Asset Management portfolio manager Mark Warminger saying it is based on “speculation, supposition, and retrospective hindsight”. His lawyer, Michael Heron QC, told the High Court at Auckland today that Warminger categorically denied the allegations, that the evidence falls well short of proving he intended to mislead the market, and that he could not, and did not do so in respect of each of the 10 trades....

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