FMA files first market manipulation case in New Zealand

The Financial Markets Authority (FMA) confirmed that it has filed and served civil proceedings against Brian Peter Henry alleging market manipulation of shares in the NZX-listed Diligent Board Member Services. The proceedings contain six claims alleging certain orders and trades made by Mr Henry in 2010 breached the market manipulation provisions of the Securities Markets Act. FMAs investigation followed a referral from NZX ... READ MORE

Released by the FMA - 24 July 2013