Person pleads guilty to insider trading after confidential Eroad data used to trade shares

Person pleads guilty to insider trading after confidential Eroad data used to trade shares
Jonathan Underhill
By Jonathan Underhill April 11 (BusinessDesk) - A person has pleaded guilty in the Auckland District Court to a single charge of insider trading after an employee of Eroad, the logistics and fleet management software developer, texted confidential company information to a former staffer who then traded 15,000 shares. The person, who has interim name suppression, pleaded guilty to a charge under section 243 Financial Markets Conduct Act - namely, "being an information insider advising or encouraging another person to trade."  That defen...