Two individuals ordered to pay penalties related to Oceania Natural

Thu, 24 Mar 2022

Two individuals have been ordered to pay penalties for market manipulation and disclosure breaches relating to Oceania Natural, the Financial Markets Authority said.Zhongyang (Sean) Meng and Jiashun (Sam) Qian have been ordered to pay pecuniary penalties of $180,000 and $130,000 respectively by the courts for the offences involving Oceania Natural Limited (ONL), the FMA said.“We welcome this judgment as it shows there are considerable penalties for those who breach market manipulation prohibitions. We have no tolerance for misconduct of t...

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