Scoop has an Ethical Paywall
Proving manipulation in an easily manipulated market
4 AUGUST 2015
Test for FMA - proving manipulation
in an easily manipulated market
The civil proceedings by the Financial Markets Authority (FMA) against Mark Warminger for market manipulation while a portfolio manager for Milford Asset Management Limited will provide an interesting test case.
The law is well-established. The
interest lies in trying to establish improper behaviour in
the thin and therefore highly responsive New Zealand share
market.
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