Path cleared for US insider trading judgment against Eric Watson

Eric Watson is also facing a bankruptcy hearing in February. (Image: NZME)

Thu, 21 Dec 2023

A co-defendant in a US insider trading case against Eric Watson has agreed to a settlement fine of US$325,000 ($518,000), paving the way for the US Securities and Exchange Commission (SEC) to make a default judgment against the beleaguered New Zealand businessman.The market watchdog’s settlement with stock promoter Gannon Giguiere, filed in a final judgment last Friday, reveals that not only has he agreed to pay the fine within 30 days but he will also provide documents or testimony for depositions, hearings or trials connected with any r...

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