Subscribe today - find out more
Why you should consider BusinessDesk
Markets

Blackwell Global fined $40k for multimillion-dollar mistake

Dan Brunskill
Fri, 26 Nov 2021

Blackwell Global fined $40k for multimillion-dollar mistake
Blackwell director James Law sold millions of shares while incorrect financial information was in the public domain. (Photo: Website screen capture)
Dan Brunskill
Fri, 26 Nov 2021
A regulator has fined Blackwell Global Investments $40,000 for incorrectly reporting financial figures, a mistake that sent its share price soaring and burned retail investors.The NZ Markets Disciplinary Tribunal on Friday publicly censured and fined the defunct lending company for breaching listing rules when it misreported its net tangible assets (NTA) in June last year.BusinessDesk spoke to one retail investor from Lower Hutt who lost more than $10,000 during this period and has been scared off of the share market for good.He said he became...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Coronavirus
Red light for Auckland, orange for South Island
Brent Melville | Mon, 29 Nov 2021

The government will move New Zealand to its traffic light framework from Friday with most of the country in either the red or orange levels.

Opinion
Taming the beast that's inflation
Cameron Bagrie | Mon, 29 Nov 2021

The RBNZ’s job is not going to be easy over the coming years. There are myriad forces at play and reading the tea leaves will be tough.  

Tourism
The cost of slow border openings to tourism: $39b by 2024
Brent Melville | Mon, 29 Nov 2021

The impact on New Zealand's tourism sector will continue to be felt until the country removes its border quarantine system, tourism operators say.

Sponsored
Mansons leads with 120% carbon offset for new builds

Mansons TCLM is committing to a benchmark of 120% carbon offset for new buildings.

Sponsored
SIXT drives the company car upmarket

SIXT is enhancing its adaptable car subscription service with SIXT Business, catering for businesses wanting premium vehicle fleets.