Goldman Sachs NZ trading under scrutiny in market manipulation trial

Thu, 29 Sep 2016

By Fiona Rotherham Sept. 29 (BusinessDesk) - Trading by Goldman Sachs has come under the scrutiny of lawyers representing Milford Asset Management portfolio fund manager Mark Warminger in a High Court trial on market manipulation. Duncan Rutherford, who headed Goldman’s securities team in New Zealand until it was restructured earlier this year, was giving evidence today as part of the first week of the Auckland trial brought by the market regulator, the Financial Markets Authority. Warminger is accused of making trades on 10 occasions...

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