Warminger's market manipulation an expensive conduct lesson, expert says

Fri, 03 Mar 2017

By Sophie Boot March 3 (BusinessDesk) - Mark Warminger's trial for stock market manipulation will be closely scrutinised by securities law practitioners and has been a good test of the law, says one expert, describing it as "a very expensive way to teach ethics and good conduct". The High Court today found Warminger manipulated the New Zealand stock market in two trades in 2014. However, the judge rejected another eight alleged instances claimed by the Financial Markets Authority. The trial was brought by the FMA, which claimed Warminger...

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