Mark Warminger drops appeal of market manipulation judgment

Sun, 30 Jul 2017

By Rebecca Howard July 31 (BusinessDesk) - Former Milford Asset Management portfolio manager Mark Warminger has withdrawn his appeal against a High Court judgment in the country's first case of market manipulation, and the Financial Markets Authority won't pursue a cross-appeal. "The judgment from March 2017 and penalty decision from June 2017 stand and this brings these civil proceedings to a close," the FMA said in a statement. In March, Chief High Court Judge Geoffrey Venning found Warminger manipulated the market in two trades wh...

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