Former TradeMe bullion trader warned on price fixing

Tue, 26 Jun 2012

By Pam Graham June 27 (BusinessDesk) - An attempt by online dealer Silver Seller Ltd to fix prices with a competitor has elicited a warning from the Commerce Commission and a ban from TradeMe. In June and July 2011, Silver Seller and director Jacob Martin allegedly attempted to form an agreement with a competitor to fix prices for bullion sold on Trade Me. The competitor alerted TradeMe and the commission. TradeMe subsequently banned Silver Seller from trading on its website. The commission’s investigation uncovered emails from Martin to hi...

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