Milford fund manager faces 10 causes of action in first market manipulation case to go to trial

Mon, 26 Sep 2016

By Fiona Rotherham Sept. 26 (BusinessDesk) - “Market manipulation strikes at the heart of the pricing system on which all investors rely”, said Justin Smith QC, counsel for the Financial Markets Authority, at the start of the country’s first such case to go to trial. In the High Court at Auckland today, the FMA accused Milford Asset Management portfolio manager Mark Warminger of breaching securities law in relation to 10 sharemarket trading actions carried out between December 2013 and August 2014 and is seeking financial penalties agains...

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