Pushpay insider trader loses conviction appeal, fine increased

The Court of Appeal increased the sentence.

Thu, 08 May 2025

A prominent businessman found guilty in 2023 of insider trading over the sale of Pushpay Holdings shares is closer to being named, with the Court of Appeal increasing his fine and dismissing his bid for continued name suppression.The case brought by the Financial Markets Authority (FMA) concerned the sale of the company’s shares in 2018 as the company’s co-founder, Elliot Crowther, flagged internally his intention to resign and sell down his own stake.Crowther was not charged and was part of the case only as a witness.After a f...

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