UPDATE: Brian Henry admits market manipulation charges, fined $130,000

Thu, 07 Aug 2014

(Adds Henry comment) By Jonathan Underhill Aug. 7 (BusinessDesk) - Brian Henry, a venture capitalist who helped found Diligent Board Member Services, has admitted breaches of the Securities Markets Act by manipulating the company's shares in early 2010. At the Auckland High Court, Henry admitted his trading in Diligent shares contravened the law. He was fined $130,000. Henry admitted that on two occasions he executed what are known as ‘wash trades’, where he was both buyer and seller, moving the stock price without any change of own...

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