Tiger Brokers resigns from the NZX

Wed, 12 May 2021

An NZX-accredited broker suspended from trading since July last year for breaching its obligations has resigned as an NZX market participant.Last year, the Financial Markets Authority issued Tiger Brokers a formal warning after finding reasonable grounds to believe it had breached anti-money laundering rules.According to a statement to the NZX, Queen Street-based Tiger Brokers did not have a trading agreement with a trading participant in place to “enable execution of on-market client orders in securities quoted on the NZX Main Board and...

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