Xero share trade had 'tell-tale signs' of market manipulation but didn't breach the law, expert says

Tue, 11 Oct 2016

By Fiona Rotherham Oct. 11 (BusinessDesk) - Australian-based expert Michael Aitken told the High Court that Mark Warminger’s trading in Xero shares in May 2014 showed several of the tell-tale signs of market manipulation. “There’s more of the tell-tale signs on this than there is on the others. It was worth looking at”, he said though he concluded that none of the 10 trades that the Milford Asset Management portfolio manager is accused of breaching securities law over was likely to create a false or misleading appearance in the market....

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