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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
3 mins to read

FMA seeks $1.6m Warminger penalty

Hearing on market manipulation penalty proceeds pending appeal.  

Tim Hunter
Thu, 15 Jun 2017

The Financial Markets Authority is seeking a “crushing penalty” on fund manager Mark Warminger “as if [his] downfall … was not enough,” his counsel Marc Corlett QC told the High Court today.

The hearing will determine the penalty to be imposed on Mr Warminger after he was found to have

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Tim Hunter
Thu, 15 Jun 2017
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FMA seeks $1.6m Warminger penalty
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