Henry dismisses FMA claim over Diligent share trades as having ‘no merit’

Tue, 23 Jul 2013

July 24 (BusinessDesk) – Brian Henry, a venture capitalist who helped found Diligent Board Member Services, says a Financial Markets Authority suit alleging he manipulated the company’s shares in early 2010 “has no merit” and has already been considered by the FMA’s predecessor. The FMA’s suit contains “six claims alleging certain orders and trades made by Mr Henry in 2010 breached the market manipulation provisions of the Securities Markets Act,” the market regulator said in a statement today. Its investigation followed a referral from NZX, w...

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